Kuku, Yemisi; Orazem, Peter; Rojid, Sawkut; Vodopivec, Milan - Department of Economics, Iowa State University - 2015
Training funds are used to incentivize training in developing countries, but the funds are based on payroll taxes that … lower the return to training. In the absence of training funds, larger, high-wage and more capital intensive firms are the … most likely to offer training unless they are liquidity constrained. If firms are not liquidity constrained, the fund …