smaller training costs, so that the welfare implications of each type of economy are a priori ambiguous: no model dominates …

of the returns to general training and be willing to pay for it despite its general nature. However this outcome is not … efficient, in the sense that too few workers are trained and workers who are hired receive too little training. We consider how … different institutions can affect this inefficiency. Industry-level minimum wages can remove the training inefficiency and …

. The results also show that more intensive training is associated with greater initial earnings losses but also greater …

smaller training costs, so that the welfare implications of each type of economy are a priori ambiguous: no model dominates …

This paper uses firm level panel data of firm provided training to estimate its impact on productivity and wages. To … endogeneity of input factors and training is applied. The productivity premium for a trained worker is estimated at 23%, while the … wage premium of training is estimated at 12%. Our results give support to recent theories that explain work related …

This paper evaluates the effectiveness of market-based approaches in the provision of public-sponsored training … programs. In particular, we study the link between training quality and labor earnings using a Peruvian program that targets … disadvantaged youths. Multiple proxies for training quality are identified from bidding processes in which public and private …