English, Article edition: Sectoral Shocks, Specific Human Capital and Displaced Workers Richard Rogerson

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Sectoral Shocks, Specific Human Capital and Displaced Workers
Author
  • Richard Rogerson
Physical Description
  • article
Notes
  • This paper extends the Lucas-Prescott island economy to allow for finite lived agents and sector specific human capital. Unlike the Lucas-Prescott model in which workers who leave declining sectors find employment in expanding sectors, this models predicts that workers who leave declining sectors may simply become non-employed, whereas increased employment in expanding sectors is accomplished by increasing the rate at which new entrants enter the sector. (Copyright: Elsevier)
  • RePEc:red:issued:v:8:y:2005:i:1:p:89-105
Language
  • English
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