"In this paper the authors estimate the rate of return to firm investments in human capital in the form of formal job training. They use a panel of large firms with unusually detailed information on the duration of training, the direct costs of training, and several firm characteristics such as...

The Republic of Maldives, a middle-income country of extraordinary natural beauty, is one of the most advanced nations in South Asia. The Maldives consists of an archipelago of nearly 1,200 islands and a population of approximately 400,000 inhabitants; 310,000 Maldivians and 90,000 expatriate...