the probability that firms pay for continuous training. About half of all firms in the estimation sample cover all direct … and indirect training costs, which contradicts the standard human capital approach with perfect labor markets. The main … compression are indeed more likely to cover all direct and indirect training costs, which is consistent with theoretical …

Becker's theory of human capital predicts that minimum wages should reduce training investments for affected workers … because they prevent these workers from taking wage cuts necessary to finance training. In contrast, in noncompetitive labor … markets, minimum wages tend to increase training of affected workers because they induce firms to train their unskilled …

In this paper we use important new training and wage data from the British Household Panel Survey to estimate the … impact of the national minimum wage (introduced in April 1999) on the work-related training of low-wage workers. We use two …-in-differences techniques for the period 1998 to 2000, we find no evidence that the introduction of the minimum wage reduced the training of …

In this paper we use important new training and wage data from the British Household Panel Survey to estimate the … impact of the national minimum wage (introduced in April 1999) on the work-related training of low-wage workers. We use two …-in-differences techniques for the period 1998 to 2000, we find no evidence that the introduction of the minimum wage reduced the training of …

Becker's theory of human capital predicts that minimum wages should reduce training investments for affected workers … because they prevent these workers from taking wage cuts necessary to finance training. In contrast, in noncompetitive labor … markets, minimum wages tend to increase training of affected workers because they induce firms to train their unskilled …

The existing literature on training is concerned with understanding the reasons whyfirms pay for the general skills of … willingnessof firms to pay for general training, and accounts for the pattern of training provisionempirically observed. It is …