firm training have thus far not been considered. This paper is trying to bridge this gap by using a simple two period model … to previous work this is not sufficient to increase firms' training investments. The reason lies in the endogeneity of …

of training they receive, which is often allocated on the basis of repeated selection. We analyze optimal selection … policies in a model of endogenous skill formation where, apart from their ability to transform training into skills …

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

In this paper the issues from the personnel economics has been investigated. The issues such as training of workers …