Beyond Becker: training in imperfect labor markets

In this paper, we survey non-competitive theories of training. With competitive labor markets, firms never pay for investments in general training, whereas when labor markets are imperfect, firm-sponsored training arises as an equilibrium phenomenon. We discuss a variety of evidence which support th...

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Bibliographische Detailangaben
Hauptverfasser: Acemoglu, Daron 1967- (VerfasserIn), Pischke, Jörn-Steffen 1962- (VerfasserIn)
Format: Buch
Sprache:English
Veröffentlicht: Cambridge, Mass. 1998
Schriftenreihe:National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 6740
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Zusammenfassung:In this paper, we survey non-competitive theories of training. With competitive labor markets, firms never pay for investments in general training, whereas when labor markets are imperfect, firm-sponsored training arises as an equilibrium phenomenon. We discuss a variety of evidence which support the predictions of non-competitive theories, and we draw some tentative policy conclusions from these models.
Beschreibung:30 S. graph. Darst.

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