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

This paper explores whether investments in information and communication technologies (ICT) and firm?sponsored training …?98. Results for a system of interrelated factor demands indicate that training complements ICT but not other capital goods. SYS …?GMM estimates of production functions reveal that ICT capital is most productive if complemented by training measures in skill …

This paper develops a theoretical analysis of training regimes as outcomes of a complementarity between organizational … training, while, on the other, labor market institutionalization provides the framework for workers' preferences. Applying a … correspond to the Japanese model of training, while the latter conforms more to the German experience. …

Standard economic theory predicts that firms will not invest in general training and will underinvest in specific … training. Empirical evidence, however, indicates that firms do invest in general training of their workers. Evidence from … laboratory experiments points to less underinvestment in specific training than theory predicts. We propose a simple model in …

A quality-adjusted specification of labor is suggested which allows firm training to affect labor efficiency. To assess … probability that training expenditures result in net decreases in total costs. Judging from the corresponding point estimates …

of the returns to general training and be willing to pay for it despite its general nature. However this outcome is not … efficient, in the sense that too few workers are trained and workers who are hired receive too little training. We consider how … different institutions can affect this inefficiency. Industry-level minimum wages can remove the training inefficiency and …