Training and Contracts: Some Dynamic Aspects of Human Capital Formation.

A contracts-based model of the provision of training and employment with overlapping generations of workers is developed. Attention is focused on the role of imperfect capital markets in the determination of contracts and on intertemporal variations in the levels of training and employment, these may exhibit cyclical or chaotic behaviour.


Issue Date:
Jul 07 1989
Publication Type:
Working or Discussion Paper
Record Identifier:
http://ageconsearch.umn.edu/record/268355
Language:
English
Total Pages:
21




 Record created 2018-02-14, last modified 2018-02-15

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