Mino, Kazuo and Koji, Shimomura and Wang, Ping (2003): Occupational Choice and Dynamic Indeterminacy.
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This paper construct a two-sector model of two-period lived overlapping generations with endogenous occupational choice where ability-heterogeneous agents choose whether to become educated when young and henceforth to become skilled when old. We show that endogenous occupational choice in this two-sector framework can result in dynamic indeterminacy without complicate preferences/technologies and without requiring the consumption-good production to be more capital-intensive.
|Item Type:||MPRA Paper|
|Original Title:||Occupational Choice and Dynamic Indeterminacy|
|Keywords:||occupational choice, overlapping generations, indeterminacy of equilibrium|
|Subjects:||O - Economic Development, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O41 - One, Two, and Multisector Growth Models
D - Microeconomics > D9 - Intertemporal Choice and Growth > D90 - General
J - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J24 - Human Capital; Skills; Occupational Choice; Labor Productivity
|Depositing User:||Kazuo Mino|
|Date Deposited:||02. Sep 2009 14:23|
|Last Modified:||17. Feb 2013 19:02|
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