wages from the end of statutory schooling. We use the model to evaluate the life-cycle return to apprenticeship training and …We develop a dynamic discrete choice model of training choice, employment and wage growth, allowing for job mobility … impacts of the policy on training choices and on the value of realised matches, demonstrating the importance of considering …

terms of transaction costs, the US pay on average higher search/hiring costs in the labour market, and smaller training …

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 …

market are said to have been determined by the interplay of the educational system and a number of training programmes. This … assesses the relative merits of different training choices as distinguished by duration and specificity of the human capital … acquired. Having established the extent to which the various training programmes affect labour mobility, the paper provides …

This paper traces the process whereby the apprenticeship system came to be regulated by industrial tribunals during the … about the apprenticeship system at the time. It then goes on to assess the effect of this regulation. This assessment is … invoked. What was set in place in the early part of the 20th century has continued to shape the how the apprenticeship system …

employment schemes for out-of-employment and low-skilled young adults, (2) on-the-job training schemes, (3) payroll tax subsidies … for minimum wage workers. Training programs for unemployed young workers have in general no effects on post-training wages … or employment probabilities, except if they have a large training content. In contrast, the reduction of labour costs has …

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 …