Occupational Choice, Specific vs. General Human Capital Investment and Uncertain Terms of Trade
2007/01/16
研討會日期 : 2007-01-16
時間 : 15:00
主講人 : Prof. Toshihiro Ichida
地點 : C棟103會議室
演講者簡介 : Prof. Toshihiro Ichida為Ph.D. in Economics, Columbia University（2004）。
現為Assistant Professor of International Trade, School of Commerce, Waseda University。
其主要研究領域為International Trade、Public Economics、Political Economy及Industrial Organization。
演講摘要 : I provide a dynamic extension of the model of occupational choice. Given that individual agents face uncertainty in the terms of trade, what are the optimal strategy for individual agents in human capital investments? When individuals are heterogeneous in their innate capabilities in multi-dimensions, do they invest in what they were good at when they were born? Do they invest in general human capital? Or do they invest in what they were not originally good at? I find the conditions about when agents will invest in general skills and when they specialize in their innately strong skills. Depending on parameter values, it is quite possible for all individuals to invest their innately strong skills even if there is no insurance market.
