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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 …
Persistent link: https://www.econbiz.de/10011442637
-for training. Both channels lead to a decline in TFP. We test these implications in a large panel of Spanish manufacturing firms …
Persistent link: https://www.econbiz.de/10011657536
with respect to the ability of their employees when training is certified by credible external institutions. We apply an … institutions at that the end of apprenticeship training can be signalled to outside employers. Apprenticeship graduates however … cannot signal their work-related ability – measured by a small voluntary bonus paid by the training employer – to the outside …
Persistent link: https://www.econbiz.de/10011316529
market has become as volatile as the US one. -- search ; matching ; training ; firing costs ; productivity differentials …
Persistent link: https://www.econbiz.de/10003158646
Ljungqvist and Sargent (2017) (LS) show that unemployment fluctuations can be understood in terms of a quantity they call the "fundamental surplus." However, their analysis ignores risk premia, a force that Hall (2017) shows is important in understanding unemployment fluctuations. We show how...
Persistent link: https://www.econbiz.de/10012649569
We estimate Frisch elasticity in a labor market with high job turnover. In a context where only around 18% of the employed labor force has formal and stable jobs, we perform a fixed effects estimation as proposed by MaCurdy (1981) with a Heckman correction for selection into unemployment. We...
Persistent link: https://www.econbiz.de/10013097875
This paper uses data from the National Longitudinal Survey of Youth to estimate the effects of formal training on … employment duration. Using an approach meant to distinguish between training as an unconditional investment and training as an … outcome conditional on the quality of the job match, I find that on-site training received early in an employment spell …
Persistent link: https://www.econbiz.de/10014182429
We estimate Frisch elasticity in a labor market with high job turnover. In a context where only around 18% of the employed labor force has formal and stable jobs, we perform a fixed effects estimation as proposed by MaCurdy (1981) with a Heckman correction for selection into unemployment. We...
Persistent link: https://www.econbiz.de/10009664848
We present a Search and Matching model with heterogeneous workers (entrants and incumbents) that replicates the stylized facts characterizing the US and the Spanish labor markets. Under this benchmark, we find the Post-Match Labor Turnover Costs (PMLTC) to be the centerpiece to explain why the...
Persistent link: https://www.econbiz.de/10013318172
We argue that productive firms share rents with workers only in occupations where workers have individual hold-up power. We present a model of wage determination where firms produce using a novel generalization of Kremer (1993)'s O-ring production function. Workers have individual hold-up power...
Persistent link: https://www.econbiz.de/10013295449