Abstract
The objective of this study is to formulate and analyze an integrated decision model of training and job search in the labor market. The paper extends the existing job search theory by allowing the individual to undertake costly training activities which affect his potential wage offer distribution. We characterize the structure of the individual's optimal training strategy, and present various economic implications of our proposed model.
| Original language | English |
|---|---|
| Pages (from-to) | 87-92 |
| Number of pages | 6 |
| Journal | Operations Research Letters |
| Volume | 11 |
| Issue number | 2 |
| DOIs | |
| State | Published - Mar 1992 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth
Keywords
- directed tree
- job search
- optimal training
- sequencing
- stopping rule
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