Beyond Becker: Training in Imperfect Labour Markets
TL;DR: In this article, the authors survey noncompetitive theories of training and draw some tentative policy conclusions from these models, concluding that firms never pay for investments in general training, whereas when labor markets are imperfect, firm sponsored training arises as an equilibrium phenomenon.
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Abstract: In this paper, the authors survey noncompetitive 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. The authors discuss a variety of evidence that supports the predictions of noncompetitive theories and they draw some tentative policy conclusions from these models.
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Figures
Table 4 Training Incidence in Germany and in the United States 
Fig. 2. Training with a Compressed Wage Structure 
Fig. 3. Training with a Minimum Wage Payment 
Fig. 1. Training in Competitive Markets 
Table 2 Changes in the Wage Distribution in Germany and in the United States 
Table 3 Unemployment in Germany and in the United States
Citations
How Institutions Evolve: The Political Economy of Skills in Germany, Britain, the United States, and Japan
TL;DR: In this paper, the political economy of skills in comparative-historical perspective is discussed, and the evolution and change in the German system of vocational training is discussed. But the evolution of skill formation in Germany is not discussed.
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Outsourcing at Will: The Contribution of Unjust Dismissal Doctrine to the Growth of Employment Outsourcing
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The School-to-Work Transition: A Cross-National Perspective
TL;DR: In this paper, the power of public policies, including labor market deregulation, labor market programs, vocationalization of education, and apprenticeship, to improve youth outcomes is discussed, drawing on national evaluation literatures and evidence of extensive policy failure points up the need to develop nationally appropriate institutions to improve school-to-work transitions.
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Outsourcing at Will: The Contribution of Unjust Dismissal Doctrine to the Growth of Employment Outsourcing
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Barriers to Innovation among Spanish Manufacturing SMEs
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References
Human Capital Investment under Asymmetric Information: The Pigovian Conjecture Revisited
Chun Chang,Yijiang Wang +1 more
TL;DR: In this paper, the authors investigate how human capital investment, labor turnover, and wages are jointly determined when the current employer knows more about a worker's productivity than potential employers, and they show that the information asymmetry can cause an externality distortion in human-CAP investment because higher productivity due to the investment may not be recognized by the market.
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Why Do Temporary Help Firms Provide Free General Skills Training
TL;DR: In this paper, the authors investigate the role of training in the selection of temporary help workers and show that training plays an informational role at temporary help supply (THS) firms by eliciting private information about worker ability.
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The Recognition and Reward of Employee Performance
TL;DR: The authors examined when and to what extent an individual's relative wage depends on his/her productivity relative to others doing the same job and found that starting wages were influenced by background characteristics and training cost realizations but not by relative productivity.
What We Know About Employer-Provided Training: A Review of Literature
John H. Bishop
- 01 Jan 1996
TL;DR: In this paper, the authors provide a review of this work and provide a good deal of progress recently in testing on-the-job training theory, which is a phenomenon that is very difficult to study.
253
•Posted Content
On-the-Job Training
John M. Barron,Mark C. Berger,Dan A. Black +2 more
- 01 Jan 1997
TL;DR: Barron, Berger, and Black as discussed by the authors discuss access to training opportunities, the duration of OJT across workers who differ by job and personal characteristics, and how accurately we are able to measure training.
251