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In this paper, we survey non-competitive theories of training. With competitive labor markets, firms never pay for investments in general training, whereas when labor markets are imperfect, firm-sponsored training arises as an equilibrium phenomenon. We discuss a variety of evidence which...
Persistent link: https://www.econbiz.de/10012472074
In the standard model of human capital with perfect labor markets general training. When labor market frictions compress the structure of wages in the general skills of their employees. The reason is that the distortion in the wage structure" turn technologically' general skills into specific'...
Persistent link: https://www.econbiz.de/10012472459
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/10012473240
Much of the current discussion promoting apprenticeship programs in the U.S. proceeds as if it is simply a matter of … system of apprenticeship training. Many German firms face large net costs of apprenticeship training. Yet they continue to …
Persistent link: https://www.econbiz.de/10012474383
Little is known about the payoffs to apprenticeship training in the German speaking countries for the participants. OLS … selection in who obtains an apprenticeship, and what type. In order to overcome the resulting ability bias we estimate returns … to apprenticeship training for apprentices in failed firms in Austria. When a firm fails, current apprentices cannot …
Persistent link: https://www.econbiz.de/10012465308
In the centuries leading up to the Industrial Revolution, Western Europe gradually pulled ahead of other world regions in terms of technological creativity, population growth, and income per capita. We argue that superior institutions for the creation and dissemination of productive knowledge...
Persistent link: https://www.econbiz.de/10012456543
STEM PhDs /Ina Ganguli and Patrick Gaulé --II. Immigration policy and innovation.High-skill immigration, innovation, and … and Chungeun Yoon --III. Immigration and entrepreneurship.Immigrant entrepreneurs and innovation in the U.S. high … the links between immigration policy in determining who can come into the country and the rate of innovation among …
Persistent link: https://www.econbiz.de/10012040463
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