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Although wage rigidity is among the most prominent subjects in modern economics, its effects on wage compression and firm training have thus far not been considered. This paper is trying to bridge this gap by using a simple two period model which can still by analyzed analytically. I am able to...
Persistent link: https://www.econbiz.de/10003757576
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...
Persistent link: https://www.econbiz.de/10011316529
Training by firms is a central means by which workers accumulate human capital, yet firms may be reluctant to provide general training if workers can quit and use their gained skills elsewhere. “Training contracts” that impose a penalty for premature quitting can help alleviate this...
Persistent link: https://www.econbiz.de/10013086621
This paper analyzes the effects of firing costs in a broader setup than what is usually done, allowing for on-the-job training. By doing so the traditional analysis is extended with respect to two points: On the one hand firing costs clearly increase firm training because worker and firm are...
Persistent link: https://www.econbiz.de/10012734578
Firms may be reluctant to provide general training if workers can quit and use their gained skills elsewhere. "Training contracts" that impose a penalty for premature quitting can help alleviate this inefficiency. Using plausibly exogenous contractual variation from a leading trucking firm, we...
Persistent link: https://www.econbiz.de/10012954057
We investigate the relationship between migration and productivity in the UK, using an instrumental variable along the lines suggested by Bianchi, Buonanno and Pinotti (2012). Our results suggest that immigration has a positive and significant impact (in both the statistical sense and more...
Persistent link: https://www.econbiz.de/10012909988
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....
Persistent link: https://www.econbiz.de/10013211049
In this paper, I analyse the relationship between job-related training and career progress of workers. Most theories of career paths and task assignment rely on human capital accumulation. Therefore, it seems natural to start assessing the empirical validity of such theories by analysing the...
Persistent link: https://www.econbiz.de/10013318940
A comprehensive model of work-based learning is illustrated combining explicit and tacit forms of knowledge and theory and practice modes of learning at both individual and collective levels. The model is designed to bring together epistemic contributions which are typically studied in...
Persistent link: https://www.econbiz.de/10014162874
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...
Persistent link: https://www.econbiz.de/10014027460