Acemoglu, Daron; Pischke, Jörn-Steffen - 2021
This paper offers and tests a theory of training whereby workers do not pay for general training they receive. The … other firms. This informational advantage gives the employer an ex post monopsony power over the worker which encourages the … high, and as a result employers have limited monopsony power and are willing to supply only little training, while in …
