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 …

There is a vast empirical literature on the effects of training on wages that are taken as an indirect measure of … productivity. This paper is part of a smaller literature on the effects of training on direct measures of industrial productivity …. We analyse a panel of British industries between 1983 and 1996. Training information (and other individual productivity …

We analyse Polish active labour market policy (ALMP) training programmes from a macroeconomic (regional) point of view …. The effects of training programmes on the outflows from unemployment and the effects of all ALMP programmes on the … gives some tentative support to the view that public training programmes can be used to reduce unemployment. …

This paper offers and tests a theory of training whereby workers do not pay for general training they receive. The … firm to provide training. We show that the model can lead to multiple equilibria. In one equilibrium quits are endogenously … high and as a result employers have limited monopsony power and are willing to supply only little training, while in …

This paper incorporates training in the design of unemployment policies. Human capital falls upon displacement and … continuously depreciates during unemployment. While training counters the decrease in human capital, it also affects the … willingness of the unemployed to search. I characterize the optimal insurance contract when participation to training programs …

This paper uses firm level panel data of firm provided training to estimate its impact on productivity and wages. To … endogeneity of input factors and training is applied. The productivity premium for a trained worker is estimated at 23%, while the … wage premium of training is estimated at 12%. Our results give support to recent theories that explain work related …

Soviet Union to Israel. We formulate an estimable dynamic choice model for employment and training in blue and white … the observed patterns of the fast decrease in unemployment as immigrants first find blue-collar jobs and attend training …, followed by a gradual movement to white-collar occupations. The estimated rates of return to local training, local experience …

We analyze a model where a multinational firm can use a superior technology in a foreign subsidiary only after training …

training and firms provide insufficient skilled vacancies. In particular, the paper argues that in countries where a large … paper examines the need for and effectiveness of training policy, and provides a possible explanation for why Western …