Human capital investment in frictional labor markets

Research Project

Project/Area Number	24730213
Research Category	Grant-in-Aid for Young Scientists (B)
Allocation Type	Multi-year Fund
Research Field	Applied economics
Research Institution	Akita International University
Principal Investigator	TAWARA Norikazu 国際教養大学, 国際教養学部, 助教 (10517618)
Project Period (FY)	2012-04-01 – 2015-03-31
Project Status	Completed (Fiscal Year 2014)
Budget Amount *help	¥2,600,000 (Direct Cost: ¥2,000,000、Indirect Cost: ¥600,000) Fiscal Year 2014: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000) Fiscal Year 2013: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000) Fiscal Year 2012: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Keywords	人的資本投資 / サーチ理論 / 労働経済 / 課税 / 一般均衡モデル / 人的資本 / 労働市場 / サーチ / 教育投資 / サーチ摩擦 / 動的一般均衡モデル
Outline of Final Research Achievements	Data suggests sizable differences across countries or regions in various measures of educational attainment. Various authors have recently studied the role of differences in worker productivity in accounting for differences in educational attainment. My research differs from those past works in that differences in productivity can play larger roles in explaining for educational attainment in the economy with unemployment. This novel mechanism can be applied to an important policy issue of how to finance education. My research finds that the effect of financing the household’s tuition pay by labor income tax on the educational attainment depends on whether the economy is with unemployment or not.