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Financing Constraints and Employers' Investment in Training
Brunello, Giorgio; Gereben, Áron; Weiss, Christoph T.; … - 2020
Using a representative sample of European firms, we study whether and to what extent financing constraints affect employers' decision to invest in employee training. We combine survey data on investment activities with administrative data on financial statements to develop an index of financing...
Persistent link: https://www.econbiz.de/10012207748
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Interpreting Europe and US Labor Markets Differences: The Specificity of Human Capital Investments
Wasmer, Etienne - 2002
while considered as extremely large in the public debate in Europe. The main argument is based on a fundamental property of …. Two sets of implications are then derived: on one hand, mobility costs are high in Europe and transitions between steady …-states has especially strong adverse effects. Jobs endogenously last longer in Europe than in the US, but when they are destroyed …
Persistent link: https://www.econbiz.de/10010262696