Kuku, Oluyemisi; Orazem, Peter F.; Rojid, Sawkut; … - 2015
Training funds are used to incentivize training in developing countries, but the funds are based on payroll taxes that … lower the return to training. In the absence of training funds, larger, high-wage and more capital intensive firms are the … most likely to offer training unless they are liquidity constrained. If firms are not liquidity constrained, the fund could …