"Of the typically cited agglomeration advantages labor market pooling receives strong empirical support - yet remains under-explored theoretically. This paper presents a model of human capital formation in an imperfectly competitive, pooled local labor market with heterogeneous workers and...

The paper presents a microeconomic model of human capital formation in a local labour market, with heterogeneous workers and firms, when product markets are characterised by price uncertainty. We analyse a setting where firms are hit by demand shocks determining either a good or a bad state....

Dass Arbeitsmarkt-Pooling einer der Vorteile von Ballungsräumen ist, ist zwar empirisch belegt, theoretisch jedoch nur gering fundiert. Der Beitrag stellt ein Modell der Humankapitalbildung in einem imperfekten kompetitiven gepoolten Arbeitsmarkt mit heterogenen Arbeitskräften und Unternehmen...

"Of the typically cited agglomeration advantages labor market pooling receives strong empirical support - yet remains under-explored theoretically. This paper presents a model of human capital formation in an imperfectly competitive, pooled local labor market with heterogeneous workers and...

The paper presents a microeconomic model of human capital formation in a local labour market, with heterogeneous workers and firms, when product markets are characterised by price uncertainty. We analyse a setting where firms are hit by demand shocks determining either a good or a bad state....

Dass Arbeitsmarkt-Pooling einer der Vorteile von Ballungsräumen ist, ist zwar empirisch belegt, theoretisch jedoch nur gering fundiert. Der Beitrag stellt ein Modell der Humankapitalbildung in einem imperfekten kompetitiven gepoolten Arbeitsmarkt mit heterogenen Arbeitskräften und Unternehmen...

Labor market pooling is considered one of the advantages of agglomerations. This paper presents a model of human capital formation in an imperfectly competitive, pooled local labor market with heterogeneous workers and firms. Firms produce with different technologies requiring diverse skills....