In this paper we analyze the private and public incentives towards skill acquisition when the skill level of workers determines the quality level of goods, and both labor and product markets are non competitive. We delve into the mechanisms that determine the equilibrium skill acquisition...

This paper addresses the puzzle how employers that invest in general human capital can gain an information advantage with respect to the ability of their employees when training is certified by credible external institutions. We apply an established model from the employer-learning literature...

The main purpose of the paper is to examine the effects of trade reform on the skill structure of the urban formal and the informal sectors. Two types of trade reforms are considered here: reduction in tariff and reduction in export subsidy. My analysis shows that a tariff reduction raises...

This paper proposes an integrated germ cell model of development based firmly on a cognitive, as distinct from behaviourist, view of learning and on the psychological theory of activity. Uses this to explore how an umbrella concept of skill allied to a learning process suited to modern, flexible...

In the era of globalization and liberation, Indian economy needs skilled and trained personnel in adequate numbers to meet the requirements of the ultimate users such as industries and service sectors. This objective is being catered in India, by Industrial Training Institutes (ITI), at present....

Using a representative sample of European firms, this paper studies whether and to what extent financing constraints affect employers' decisions to invest in employee training. It combines survey data on investment activities with administrative data on financial statements to develop an index...