turnover and endogenous general human capital formation. We show that search frictions do not distort training decisions if … efficient coordination devices there is too much turnover and too little investments in general training. Nonetheless, the … number of training firms and the amount of training provided are constrained optimal, and training subsidies therefore reduce …

turnover and endogenous general human capital formation. We show that search frictions do not distort training decisions if … efficient coordination devices there is too much turnover and too little investments in general training. Nonetheless, the … number of training firms and the amount of training provided are constrained optimal, and training subsidies therefore reduce …

appropriate training of local managers. Technological spillovers from foreign direct investment arise when such managers are later …

Market imperfections may cause firms and workers to under-invest in specific training. This paper shows that profit … sharing may be a suitable instrument to enhance specific training investments, either by enhancing wage flexibility or by … increasing the returns to training. As a result, profit sharing not only increases productivity by means of an effort effect, but …

friction. This article discusses the role of training for development, providing a novel approach to assess its value. As … training raises mobility, it may speed the development process by the abatement of key parameters, also with favorable … relevance of improving training effectiveness and attractiveness. …

Market imperfections may cause firms and workers to under-invest in specific training. This paper shows that profit … sharing may be a suitable instrument to enhance specific training investments, either by enhancing wage °exibility or by … increasing the returns to training. As a result, profit sharing not only increases productivity by means of an effort effect, but …

training stay with the firm where they have received their training and, if so, how long that job tenure holds. Determinants of … apprentices in order to collect the returns from its investment in their training which frequently is associated with net costs …. On the other hand, the firm dismisses apprentices if training is viewed by the firm as a screening device or if …