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Booth, Alison L; Chatterji, Monojit - C.E.P.R. Discussion Papers - 1997

The paper examines the optimal level of training investment when trained workers are mobile, wage contracts are time-consistent, and training comprises both specific and general skills. It is shown that, in the absence of a social planner, the firm has ex-post monopsonistic power that drives...

Persistent link: https://www.econbiz.de/10005666579

Heterogeneity, Stratification and Growth

Bénabou, Roland - C.E.P.R. Discussion Papers - 1993

-wide linkages (complementary skills, knowledge spillovers). It compares growth and welfare when families are stratified into …

Persistent link: https://www.econbiz.de/10005666953

Why do Firms Train? Theory and Evidence

Acemoglu, Daron; Pischke, Jörn-Steffen - C.E.P.R. Discussion Papers - 1996

This paper offers and tests a theory of training whereby workers do not pay for general training they receive. The crucial ingredient in our model is that the current employer has superior information about the worker’s ability relative to other firms. This informational advantage gives the...

Persistent link: https://www.econbiz.de/10005791865

The Impact of Training on Productivity and Wages: Firm Level Evidence

Konings, Jozef; Vanormelingen, Stijn - C.E.P.R. Discussion Papers - 2009

This paper uses firm level panel data of firm provided training to estimate its impact on productivity and wages. To this end the strategy proposed by Ackerberg, Caves and Frazer (2006) for estimating production functions to control for the endogeneity of input factors and training is applied....

Persistent link: https://www.econbiz.de/10008528543

Apprenticeships and Job Tenure: A Competing Risks Model with Time-varying Covariates

Booth, Alison L; Satchell, Stephen E - C.E.P.R. Discussion Papers - 1993

The paper examines the extent of apprenticeships in the first job for a cohort of young men entering the labour market at age 16 in the late 1970s. The impact of the apprenticeship on employment duration and early labour market mobility is estimated. The data set used is the National Child...

Persistent link: https://www.econbiz.de/10005136614

The Evolution of Modern Educational Systems: Technical Vs. General Education, Distributional Conflict and Growth

Bertocchi, Graziella; Spagat, Michael - C.E.P.R. Discussion Papers - 1998

We study the evolution of an educational system which is founded on a hierarchical differentiation between technical and general education, with a superior social status attached to general. The resulting dynamic political equilibrium is best summarized by the ratio of vocational to general...

Persistent link: https://www.econbiz.de/10005504686

Who Gets Over the Training Hurdle? A Study of the Training Experiences of Young Men and Women in Britain

Arulampalam, Wiji; Booth, Alison L - C.E.P.R. Discussion Papers - 1996

Using longitudinal data from the British National Child Development Study, this paper examines gender differences in the determinants of work-related training. The analysis covers a crucial decade in the working lives of the 1958 birth cohort of young men and women – the years spanning the...

Persistent link: https://www.econbiz.de/10005504728

Do Employees Reciprocate to Intra-Firm Trainings? An Analysis of Absenteeism and Turnover Rates

Breuer, Katrin; Kampkoetter, Patrick - Cologne Graduate School in Management, Economics and … - 2012

This paper studies the behavioral effects of intra-firm trainings on absence behavior and turnover probability. We argue that participation in firm-sponsored trainings might lead to behavioral responses among employees. When firms pay for general trainings, employees may perceive this as a gift...

Persistent link: https://www.econbiz.de/10010570814

The Role of Rents to Human Capital in Economic Development

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1994

In an overlapping generations model, rents to human capital play a key role in increasing savings. In the absence of such rents, the return to human capital is entirely appropriated by the old and accumulation is entirely determined by the income to fixed factors. If rents are introduced by...

Persistent link: https://www.econbiz.de/10005662008

Innovation in Cities: Science-Based Diversity, Specialization and Localized Competition

Audretsch, David B; Feldman, Maryann P - C.E.P.R. Discussion Papers - 1998

effect of the composition of economic activity on innovation. We test whether the specialization of economic activity within … a narrow concentrated set of economic activities is more conducive to knowledge spillovers or if diversity, by bringing … together complementary activities, better promotes innovation. The evidence provides considerable support for the diversity …

Persistent link: https://www.econbiz.de/10005662217