Clark, Damon - In: Vierteljahrshefte zur Wirtschaftsforschung / Quarterly … 70 (2001) 1, pp. 102-106
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...
