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Article Dans Une Revue Journal of Econometrics Année : 2021

Labor market search, informality, and on-the-job human capital accumulation

Luca Flabbi
  • Fonction : Auteur
Santiago Levy
  • Fonction : Auteur
Mauricio Tejada
  • Fonction : Auteur

Résumé

We develop a search and matching model where rms and workers produce output that depends both on match-specic productivity and worker-specic human capital. The human capital is accumulated while working but depreciates while searching for a job. Jobs can be formal or informal. The model is estimated on labor market data for Mexico. Human capital accumulation is responsible for more than half of the overall value of production, and upgrades more quickly while working formally than informally. Policy experiments reveal that human capital accumulation magnies the negative impact on productivity of the labor market institutions that give raise to informality.
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Dates et versions

hal-03248487 , version 1 (13-06-2023)

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Paternité - Pas d'utilisation commerciale

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Matteo Bobba, Luca Flabbi, Santiago Levy, Mauricio Tejada. Labor market search, informality, and on-the-job human capital accumulation. Journal of Econometrics, 2021, 223 (2), pp.433-453. ⟨10.1016/j.jeconom.2019.05.026⟩. ⟨hal-03248487⟩
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