Nonmonotonic relationship between human capital and unemployment: an exploratory study with empirical evidence on Singapore

作者：Ho Kong Weng^*; Tan Randy

来源：Applied Economics Letters, 2008, 15(15): 1177-1185.

DOI：10.1080/13504850500461399

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.

• 出版日期2008
• 单位南阳理工学院