We develop a product market theory that explains why firms invest in general training of their workers. We consider a model where firms first decide whether to invest in general human capital, then make wage offers for each others' trained employees and finally engage in imperfect product market...

We develop a product market theory that explains why firms invest in general training of their workers. We consider a model where firms first decide whether to invest in general human capital, then make wage offers for each others' trained employees and finally engage in imperfect product market...

Recent human capital theories predict that labor market frictions and product market competition influence firm-sponsored training. Using matched worker-firm data from Dutch manufacturing, our paper empirically assesses the validity of these predictions. We find that a decrease in labor market...

Zeitarbeit hat sich für die deutsche Wirtschaft zu einem wichtigen Flexibilisierungsinstrument entwickelt. Dem zunehmenden Mangel an neuen, qualifizierten Zeitarbeitnehmern kann auch in der Zeitarbeit durch die Qualifizierung bestehender Mitarbeiter begegnet werden. Auch wenn Weiterbildung oft...

Recent human capital theories predict that labor market frictions and product market competition influence firm-sponsored training. Using matched worker-firm data from Dutch manufacturing, our paper empirically assesses the validity of these predictions. We find that a decrease in labor market...