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 …

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

also estimated. Estimates from models with and without explicitly modelling the timing of training produce broadly similar … exit rate, relative to the base of no training. The finding for completed apprenticeships suggests that both employers and …