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It is often observed that despite the famous prediction of Becker (1962) that firms will not pay for general training, German firms do in fact subsidize apprenticeship training. This paper examines two prominent solutions to this puzzle - "asymmetric information" and "mobility costs." Our tests...
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years later using data from France, (western) Germany, and the United States. Relative to most of the literature, we … across countries. Labor market outcomes in Germany are consistent with a dual labor market model. In the case of American …
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