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| Tekijä: | Wildasin, D. |
| Otsikko: | Labor-market integration, investment in risky human capital, and fiscal competition |
| Lehti: | American Economic Review
2000 : MAR, VOL. 90:1, p. 73-95 |
| Asiasana: | ECONOMICS HUMAN CAPITAL INVESTMENT |
| Kieli: | eng |
| Tiivistelmä: | This paper presents a general-equilibrium model where human capital investment increases specialization and exposes skilled workers to region-specific earnings risk. Interjurisdictional mobility of skilled labor mitigates these risks; state-contingent migration of skilled labor also improves efficiency. With perfect capital markets, labor market integration raises welfare and reduces ex post earnings inequality. |
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