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| Fernando Pueyo and Marcos Sanso |
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| ''Skill gaps: existence and efficiency'' |
| ( 2002, Vol. 15 No.6 ) |
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| Given the interdependences between human capital accumulation and technological change, skill gaps may arise in equilibrium. However, they are not necessarily inefficient, and in this paper we present a model in which the simple absence of such a skill gap can be inefficient. |
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| Keywords: efficiency |
JEL: O3 - Technological Change; Research and Development: General
O4 - Economic Growth and Aggregate Productivity: General |
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| Manuscript Received : Sep 20 2002 | | Manuscript Accepted : Sep 25 2002 |
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