employers' decision to invest in employee training. We combine survey data on investment activities with administrative data on … investment in training as a share of fixed assets by 2.9 to 4.5 percent and investment in training per employee by 1.8 to 2 ….5 percent. We document that lower investment in training reduces productivity, and show that firms facing tighter financing …

This paper investigates the presence of explicit labour-saving heuristics within robotic patents. It analyses …

In this paper, we formulate and estimate a structural model of post-schooling training that explicitly allows for … possible complementarity between initial schooling levels and returns to training. Precisely, the wage outcome equation depends … on accumulated schooling and on the incidence of training. The effect of training on wage growth depends on individual …

Our paper investigates the relative effects of wage subsidies and further vocational training on the subsequent … subsidies have no effect on human capital they improve individuals’ employment prospects less than training programs …. Contrariwise, on the assumption that the formation of human capital on subsidized jobs equals that by formal training subsidization …

We expand Acemoglu and Pischke's seminal model of training in imperfect labor markets by including the system of … collective wage bargaining and the components of firms' training costs. Thus we can adapt their model to institutional changes … of apprenticeship training by changing training procedures towards more training at the work place and thus by decreasing …

of training they receive, which is often allocated on the basis of repeated selection. We analyze optimal selection … policies in a model of endogenous skill formation where, apart from their ability to transform training into skills … selection policies. -- skill formation ; human capital ; selection ; heterogeneity ; age effects ; training ; education …

We provide the first estimates of the impact of managers' risk preferences on their training allocation decisions. Our … conceptual framework links managers' risk preferences to firms' training decisions through the bonuses they expect to receive … training. Empirical evidence supporting these predictions is provided using a novel vignette study embedded in a nationally …

We analyze workers' risk preferences and training investments. Our conceptual framework differentiates between the … investment risk and insurance mechanisms underpinning training decisions. Investment risk leads risk-averse workers to train less …; they undertake more training if it insures them against future losses. We use the German Socio-Economic Panel (SOEP) to …