Non-Monotonic Relationship between Human Capital and Unemployment: An Exploratory Study with Empirical Evidence on Singapore
Publication Type
Journal Article
Publication Date
6-2008
Abstract
We examine empirically the role of human capital, together with global and domestic technologies, in the evolution of unemployment in Singapore. Our results show a threshold level of human capital, below (above) which increases (decreases) in human capital will reduce (raise) unemployment. This nonmonotonic relationship is caused by a greater substitution from labour toward technology feasible at higher levels of human capital.
Discipline
Economics
Research Areas
Macroeconomics
Publication
Applied Economics Letters
Volume
15
Issue
15
First Page
1177
Last Page
1185
ISSN
1350-4851
Identifier
10.1080/13504850500461399
Publisher
Taylor and Francis
Citation
HO, Kong Weng and Tan, Randy.
Non-Monotonic Relationship between Human Capital and Unemployment: An Exploratory Study with Empirical Evidence on Singapore. (2008). Applied Economics Letters. 15, (15), 1177-1185.
Available at: https://ink.library.smu.edu.sg/soe_research/1612
Additional URL
https://doi.org/10.1080/13504850500461399