Location: GE 106 (room 106 at Max Gluskin House, 150 St. George Street)
One way to implicitly explain growth in labour markets is to include the possibility for workers to improve.
This can be done by combining a labour and an education market. An education market covers two generations of individuals (students and teachers) and will induce a new generation of adults. In this talk, I will introduce an overlapping generation model where the skills distribution for adult in a generation is determined by the education matching of students with teachers from previous generations. I will present a regime under which the skills distribution of adults converges for any initial distribution of adults' skills.
Participants are welcome to bring their lunches to the talk.