Barron, John M; Black, Dan A; Loewenstein, Mark A - In: Journal of Labor Economics 7 (1989) 1, pp. 1-19
Conventional analysis predicts that workers pay part of their on-the-job training costs by accepting a lower starting wage and subsequently realize a return to this investment in the form of greater wage growth. Missing from the conventional treatment of on-the-job training is a discussion of...