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- Title
Intertemporal Aspects of Learning New Techniques: Implications for Efficiency and Distribution.
- Authors
Jungenfelt, Karl G.
- Abstract
This paper deals with a model, originally presented by Petri (1985), where labor has to be trained in order to be productive at new technologies. The quality of different types of labor is distinguished by the length of training; higher quality means shorter training periods. Efficiency as well as distribution of income are considered. Distribution of income between "human capital" and "untrained" labor does not in general follow any distinct pattern with changing quality. Efficiency gains in heterogeneous equilibria benefit high-quality resources, but may hurt low-quality resources.
- Subjects
LABOR productivity; WAGES &; labor productivity
- Publication
Scandinavian Journal of Economics, 1986, Vol 88, Issue 1, p157
- ISSN
0347-0520
- Publication type
Article
- DOI
10.2307/3440283