Author(s):
Silva, João C. Cerejeira da 
Date: 2005
Persistent ID: http://hdl.handle.net/1822/2743
Origin: RepositóriUM - Universidade do Minho
Subject(s): Education; Externalities; Search; Matching; Unemployment
Document details
Searching, matching and education: a note
Description
In this paper the individual optimal level of education is set in a frictional labor market, where matching is not perfect. Also search frictions are a function of the average education of the labor force. Therefore, an increase in the average education can improve economic efficiency, not only through improvements in workers productivity, but also making the matching process more e¢ cient, and thus reducing the unemployment level.
In this paper the individual optimal level of education is set in a frictional labor market, where matching is not perfect. Also search frictions are a function of the average education of the labor force. Therefore, an increase in the average education can improve economic efficiency, not only through improvements in workers productivity, but also making the matching process more e¢ cient, and thus reducing the unemployment level.
Document Type
Research paper
Language English
Language English
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