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Journal of the European Economic Association

Six times per year
221 pp per issue
Founded: 2003
ISSN 1542-4766
E-ISSN 1542-4774
2008 ISI Impact Factor: 1.358

Inside the Journal

Journal of the European Economic Association

April-May 2006, Vol. 4, No. 2-3, Pages 503-512
Posted Online July 6, 2006.
(doi:10.1162/jeea.2006.4.2-3.503)
© 2006 by the European Economic Association

Specialization and Human Capital in Search Equilibrium

Toshihiko Mukoyama

Concordia University

Ayşegül Şahin

Federal Reserve Bank of New York



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This paper constructs a general equilibrium search-matching model with heterogeneous workers. Workers choose whether to invest in general human capital or specific human capital when they enter the labor market. We analyze how unemployment benefits affect the choice of the type of human capital investment. (JEL: E24, J41, J64, J65)
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