Title

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

Additional URL

http://dx.doi.org/10.1080/13504850500461399

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