English, Article, Journal or magazine article edition: Search Equilibrium, Production Parameters and Social Returns to Education: Theory and Estimation Andrey Launov; Christian Holzner

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/56747
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Search Equilibrium, Production Parameters and Social Returns to Education: Theory and Estimation
Author
  • Andrey Launov
  • Christian Holzner
Physical Description
  • preprint
Notes
  • We introduce different skill groups and production functions into the Burdett-Mortensen equilibrium search model. Supermodularity in the production process leads to a positive intrafirm wage correlation between skill groups. Theory implies that increasing returns to scale can lead to a unimodal earnings density with a decreasing right tail even in the absence of productivity dispersion. Our empirical results indicate economy-wide increasing returns to scale. We use the structural estimates of the production parameters to investigate whether private returns to education equal social returns. Our estimates suggest a positive welfare effect from increasing the share of medium-skilled agents in the workforce.
  • RePEc:iza:izadps:dp1904
  • Search, wage correlation, social returns to education
  • RePEc:red:sed005:604
Language
  • English
Contributed by
OAIster

Get this edition

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment