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dc.contributor.authorAmend, Elkeen_UK
dc.contributor.authorHerbst, Patricken_UK
dc.description.abstractLabor market pooling is considered one of the advantages of agglomerations. This paper presents a model of human capital formation in an imperfectly competitive, pooled local labor market with heterogeneous workers and firms. Firms produce with different technologies requiring diverse skills. Workers specialize into specific skills and accumulate general human capital. While labor market pooling provides static efficiency gains, our results also imply positive long-term effects: Under a diversified structure, firm-specific shocks increase workers' incentives to acquire both general and specific human capital. This not only raises productivity but also strengthens a region's capability to adapt to change.en_UK
dc.publisherSocial Science Research Networken_UK
dc.relationAmend E & Herbst P (2009) Labor Market Pooling and Human Capital Investment Decisions. SSRN Working Paper Series.
dc.relation.ispartofseriesSSRN Working Paper Seriesen_UK
dc.rightsAuthor retains copyright.en_UK
dc.subjectHuman capitalen_UK
dc.subjectlabor market poolingen_UK
dc.subjectagglomeration economiesen_UK
dc.titleLabor Market Pooling and Human Capital Investment Decisionsen_UK
dc.typeWorking Paperen_UK
dc.type.statusVoR - Version of Recorden_UK
dc.subject.jelI20: Education and Research Institutions: Generalen_UK
dc.subject.jelJ24: Human Capital; Skills; Occupational Choice; Labor Productivityen_UK
dc.subject.jelJ41: Labor Contractsen_UK
dc.contributor.affiliationInstitut fur Arbeitsmarkt und Berufsforschung (IAB), Germanyen_UK
dc.contributor.affiliationAccounting & Financeen_UK
rioxxterms.typeWorking paperen_UK
local.rioxx.authorAmend, Elke|en_UK
local.rioxx.authorHerbst, Patrick|0000-0003-2916-7456en_UK
local.rioxx.projectInternal Project|University of Stirling|
Appears in Collections:Accounting and Finance Working Papers

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