Stick, Carrot and Skill Acquisition

Arbeitspapier

This paper examins the macroeconomic effects of youth unemployement programmes in the form of vocational training (YUPs), developing a two sector general equilibrium model featuring matching frictions and worker-firm wage bargaining for skilled workers. Unskilled sector wages are indexed to skilled sector wages. Workers differ with respect to ability, having importance for the young worker`s skill decision. Furthermore, a young worker may be offered vocational training through YUPs. The total number of skilled workers is therefore determined by these two channels and the interaction between them. We focus on the impact of YUPs on skill division, unemployment distribution workers and aggregate unemployment.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Working paper ; No. 9-2001

Classification and Topics

• Classification: Wirtschaft ; Demographic Economics: Public Policy ; Wages, Compensation, and Labor Costs: Public Policy ; Mobility, Unemployment, and Vacancies: Public Policy
• Subject: Skill acquisition ; Search ; Unemployment

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Filges, Trine ; Larsen, Birthe
• Event: Veröffentlichung
• (who): Copenhagen Business School (CBS), Department of Economics
• (where): Frederiksberg
• (when): 2001

Further information

• Handle: http://hdl.handle.net/10419/208449
• Last update: 10.03.2025, 11:43 AM CET