Stochastic labour market shocks, labour market programmes, and human capital formation: a theoretical and empirical analysis

This paper develops a life-cycle model of labour supply that captures endogenous human capital formation allowing for individual’s heterogeneous responses to stochastic labour market shocks. The shocks determines conditions in the labour market and sort individuals into three labour market regimes; employment, unemployment with and unemployment without participation in labour market programmes. The structural model entails time independent stochastic shocks that have transitory effects on monetary returns while the effect on human capital formation may be permanent. The permanent effect may justify the existence of active labour market programmes if these programmes imply non-depreciating human capital and human capital depreciation is detected for the non-participant unemployed. Using several years of the Swiss Labour Force Survey (SAKE, 1991 – 2004) the empirical section compares the dynamic formation of human capital between labour market regimes. The results are consistent with the assumptions of the structural model and suggest human capital depreciation for unemployment without programme participation. They further show that labour programmes may act as a buffer to reduce human capital loss while unemployed.Human capital formation, life-cycle labour supply models, active labour market policies, search activities, productivity shocks, unemployment

Stochastic labour market shocks, labour market programmes, and human capital formation: a theoretical and empirical analysis

This paper develops a life-cycle model of labour supply that captures endogenous human capital formation allowing for individual’s heterogeneous responses to stochastic labour market shocks. The shocks determines conditions in the labour market and sort individuals into three labour market regimes; employment, unemployment with and unemployment without participation in labour market programmes. The structural model entails time independent stochastic shocks that have transitory effects on monetary returns while the effect on human capital formation may be permanent. The permanent effect may justify the existence of active labour market programmes if these programmes imply non-depreciating human capital and human capital depreciation is detected for the non-participant unemployed. Using several years of the Swiss Labour Force Survey (SAKE, 1991 – 2004) the empirical section compares the dynamic formation of human capital between labour market regimes. The results are consistent with the assumptions of the structural model and suggest human capital depreciation for unemployment without programme participation. They further show that labour programmes may act as a buffer to reduce human capital loss while unemployed.Human capital formation, life-cycle labour supply models, active labour market policies,search activities, productivity shocks, unemployment.

Exploring the Impact of Websites on Hospital Services in Puerto Rico: Analyzing Opportunities and Challenges in Healthcare Administration through Internet and Social Media Integration

[EN] This study explores how websites affect hospital services and Puerto Rico Health System website integration possibilities and issues. Technology has improved hospital patient care, engagement, and efficiency (Korda & Itani, 2011). This study analyzes Puerto Rico's hospital websites content and patient involvement. "About the Hospital" and "Contact Us" were the most popular website components in a 68-hospital descriptive survey. "Healthcare Research" and "Education and Training" were the least publicized on social media, with 30% of hospitals. The study shows that good communication and technology improve patient care and engagement. Private, non-profit, and state hospitals websites were examined for content, patient education, institution type, clinical services, facilities and amenities, conditions and treatments, news and events, job possibilities, Facebook, Twitter, and YouTube linkages, and patient and visitor information. These criteria were evaluated as binary variables if present in all sample hospitals. This study will contribute to digital technology in healthcare literature and offer Puerto Rican and worldwide hospital administration and healthcare practitioners useful advice.Vazquez Torres, D.; Concepción-Santana, M. (2023). Exploring the Impact of Websites on Hospital Services in Puerto Rico: Analyzing Opportunities and Challenges in Healthcare Administration through Internet and Social Media Integration. Editorial Universitat Politècnica de València. 215-216. http://hdl.handle.net/10251/20179321521