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Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment …
Persistent link: https://www.econbiz.de/10011446155
The paper studies human capital accumulation over workers' careers in an on the job search setting with heterogenous firms. In renegotiation proof employment con- tracts, more productive firms provide more training. Both general and specific training induce higher wages within jobs, and with...
Persistent link: https://www.econbiz.de/10011585846
worker-job complementarity, we estimate how interpersonal, cognitive and manual skills map into job offers, unemployment and …
Persistent link: https://www.econbiz.de/10012022569