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Article dans une revue Economic Modelling Année : 2016

Formal education versus learning-by-doing: On the labor market efficiency of educational choices

Résumé

Educational choices are studied in a two-sectors search-and-matching model where qualifications are required for access to good jobs. Qualifications can be acquired either before entering the labor market through formal education , or through learning-by-doing in a low-skill job. Spontaneously, the economy creates too many high-skill jobs and accordingly individuals devote too much effort to formal education. However, educational effort alone becomes insufficient when the rate of creation of these high-skill jobs is reduced to its optimal level. In conclusion , we show that an efficient policy would be to subsidize both education and low-skill firms whose workers quit when obtaining a job in the high-skill sector, both elements financed by a tax on high-skill firms.
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Dates et versions

halshs-01377598, version 1 (11-10-2016)

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Frédéric Gavrel, Isabelle Lebon, Thérèse Rebière. Formal education versus learning-by-doing: On the labor market efficiency of educational choices. Economic Modelling, 2016, 54, pp.545 - 562. ⟨10.1016/j.econmod.2016.01.006⟩. ⟨halshs-01377598⟩
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