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minimum wage causes more unemployment, but also leads to more skill formation as unemployment is concentrated on low … gains of more skill formation outweigh the social welfare losses of increased unemployment. Using a highly conservative …
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Canonical human capital theories posit that education, by enhancing worker skills, reduces the likelihood that a worker … education records from 1987 through 2002 to nationally representative surveys conducted before and after the onset of COVID-19 … in Barbados to explore the causal impact of improved education on job loss during this period. Using a regression …
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This paper explores the influence of on-the-job training on the employment effect of firing costs. It shows that on-the-job training (generating firm specific skills) causes firing costs to have a contractionary influence on average employment (over the booms and recessions of the business cycle).
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Suppose insiders use their market power to push up their wages, while entrants receive their reservation wages. How will employment be affected? In addressing this question, we focus on the role of on-the-job training. We show that an insider wage hike reduces recession-time employment but, in...
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opportunities for youths and create unemployment. Workers miss out on on-the-job training opportunities that would have been paid …
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