Kim, Doyoung; Lawarrée, Jacques - In: Journal of Institutional and Theoretical Economics (JITE) 165 (2009) 2, pp. 281-306
According to Becker´s human-capital theory, employers tend to underinvest in general training relative to specific training because it increases their existing employees´ outside opportunities. We show that this is not necessarily true if training has an information-gathering function that...