Bassanini, Andrea; Brunello, Giorgio - Centre d'Études des Politiques Économiques (EPEE), … - 2005
According to Becker [1964], when labour markets are perfectly competitive, general training is paid by the worker, who … the investment in general training. Using data from the European Community Household Panel, we compute a proxy of the … competitive labour markets, in which firms may be willing to finance general training if the wage structure is compressed, that is …