Market imperfections and firm-sponsored training
Using worker and firm data from Dutch manufacturing, our paper investigates how product market competition and labor market imperfections affect firm-sponsored training. We find that product market competition does not affect the firms' training expenditures. Increasing competition, for instance due to increased international integration and globalization, is not a threat to investments in on-the-job training. Instead, labor market imperfections influence firm-sponsored training. An increase in labor market flexibility significantly reduces the incentives of firms to invest in training. The magnitude of this effect is nevertheless small.
Year of publication: |
2011
|
---|---|
Authors: | Picchio, Matteo ; Ours, Jan C. van |
Published in: |
Labour Economics. - Elsevier, ISSN 0927-5371. - Vol. 18.2011, 5, p. 712-722
|
Publisher: |
Elsevier |
Keywords: | Firm-sponsored training Labor market flexibility Product market competition Human capital Workforce |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
The impact of high temperatures on performance in work-related activities
Picchio, Matteo, (2023)
-
Market imperfections and firm-sponsored training
Picchio, Matteo, (2010)
-
Market imperfections and firm-sponsored training
Picchio, Matteo, (2010)
- More ...