Unemployment and increasing private returns to human capital

Journal of Public Economics

Volumn 61, Issue 1, 1996, Pages 1-20

  Saint Paul, Gilles ^a,b,c  

^a CERAS ENPC   (France)

^b ECOLE NORMALE SUPÉRIEURE   (France)

^c CEPR   (United Kingdom)

Author keywords

Education; Human capital; Multiple equilibria; Real wages; Skills; Unemployment

Indexed keywords

EID: 0030186703     PISSN: 00472727     EISSN: None     Source Type: Journal    
DOI: 10.1016/0047-2727(95)01552-3     Document Type: Article

References (30)

1. Acemoglu, D., 1992, Public policy in a model of long-term unemployment, mimeo, London School of Economics.
2. Alogoskoufis, G. and A. Manning, 1988, On the persistence of unemployment persistence, Economic Policy 7, 427-469.
3. Bénabou, R., 1993, Workings of a city: Location, education, and production, Quarterly Journal of Economics 108, no. 3, 619-652.
4. Blanchard, O.J. and P. Diamond, 1994, Ranking, unemployment duration, and wages, Review of Economic Studies 61, 417-434.
5. Bound, J. and G. Johnson, 1992, Changes in the structure of wages during the 1980s: An evaluation of alternative explanations, American Economic Review 92, 371-392.
6. Calmfors, L., 1993, Active labour market policy and unemployment - A framework for the analysis of crucial design features, mimeo, Institute for International Economic Studies, Stockholm.
7. Durlauf, S., 1993, Spillovers, stratification, and inequality, SSRI Working Paper no. 9327. University of Wisconsin.
8. Fernandez, R. and R. Rogerson, 1996, Income distribution, communities, and the quality of public education, Quarterly Journal of Economics, in press.
9. Fields, G., 1993, Increasing private returns to education, mimeo, DELTA.
10. Galor, O. and J. Zeira, 1993, Income distribution and macroeconomics, Review of Economic Studies, 60, 35-52.
11. Gregg, P. and A. Manning, 1993, Some unpleasant Marxist Arithmetics, mimeo, London School of Economics.
12. Harris, J.R. and M.P. Todaro, 1970, Migration, unemployment, and development: A two sector analysis, American Economic Review 60, no. 1, 126-142.
13. Juhn, C., K.M. Murphy and B. Pierce, 1993, Wage inequality and the rise in the returns to skill, Journal of Political Economy 101, no. 3, 410-442.
14. Katz, L. and K.M. Murphy, 1992, Changes in relative wages, 1963-87: Supply and demand factors, Quarterly Journal of Economics 107, no. 4, 35-78.
15. Kremer, M., 1993, The O-ring theory of economic development, Quarterly Journal of Economics 108, no. 3, 551-576.
16. Layard, R., S. Nickell and R. Jackson, 1991, Unemployment (Oxford University Press, Oxford).
17. Lindbeck, A. and D. Snower, 1989, The insider outsider theory of unemployment (MIT Press, Cambridge MA).
18. Marchand, O., 1989, L'ajustement douloureux de l'emploi, Enquête Emploi, INSEE.
19. Mincer, J., 1992, Education and unemployment, NBER Working Paper.
20. Nickell, S. and B. Bell, 1994, Would cutting payroll taxes on the unskilled have a significant impact on unemployment?, paper presented at the CEPR Conference on Unemployment Policy, Vigo.
21. OECD, 1994, Jobs study (OECD, Paris).
22. Perotti, R., 1993, Political equilibrium, income distribution and growth, Review of Economic Studies 60, 755-776.
23. Pissarides, C., 1990, Equilibrium unemployment theory (Basil Blackwell, London).
24. Pissarides, C., 1992, Loss of skill during unemployment and the persistence of employment shocks, Quarterly Journal of Economics 107, no. 4, 1371-1392.
25. Robinson, J.A., 1993, Unemployment and human capital formation, mimeo, University of Melbourne.
26. Saint-Paul, G., 1992, Are the unemployed unemployable, European Economic Review, in press.
27. Saint-Paul, G., 1993, The role of rents to human capital in economic development, CEPR Working Paper. Journal of Development Economics, forthcoming.
28. Saint-Paul, G., 1994, Unemployment and increasing returns to human capital, CEPR Working Paper.
29. Shapiro, C. and J. Stiglitz, 1984, Equilibrium unemployment as a worker discipline device, American Economic Review 74, no. 3, 433-444.
30. Sneesens, H.R. and F. Shadman-Mehta, 1995, Real wages, skill mismatch, and unemployment persistence, Annales d'Economie et de Statistique 37-38, 255-292.