turnover and endogenous general human capital formation. We show that search frictions do not distort training decisions if … efficient coordination devices there is too much turnover and too little investments in general training. Nonetheless, the … number of training firms and the amount of training provided are constrained optimal, and training subsidies therefore reduce …

training stay with the firm where they have received their training and, if so, how long that job tenure holds. Determinants of … former apprentices in order to collect the returns from its investment in their training, which frequently is associated with … net costs. On the other hand, the firm dismisses apprentices if training is viewed by the firm as a screening device or if …

described trend towards erosion in the German labour market on the one hand, and the continued importance of vocational training …

temporarily without a job mission and training for workers with or without a job mission) allow for a flexicurity model. The … is mitigated when it is associated with training activities. In general, flexibility produces negative effects, albeit … decreasing with training activity, on productivity. …

. We then separately analyze active and passive labor market policies, consisting in training programs and income support … schemes. We show that it is optimal for the government to include among the eligibility criteria for subsidized training a …

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 …-post monopsonistic power in wage determination. Local union-firm wage bargaining ensures that the post-training wage is set sufficiently …

general human capital training. It is shown that more productive firms provide more training and pay higher wages. …