The paper examines the optimal level of training investment when trained workers are mobile, wage contracts are time …-consistent, and training comprises both specific and general skills. It is shown that, in the absence of a social planner, the firm …-post monopsonistic power in wage determination. Local union-firm wage bargaining ensures that the post-training wage is set sufficiently …

healthcare trainees in their third year of training. The main result is that those trainees (in upper-secondary education) who …

We use important new training information from waves 8-10 of the British Household Panel Survey to document the various … forms of work-related training received by men and women over the period 1998-2000, and to estimate their impact on wages …. We initially present descriptive information about training: we find that most work-related training is viewed by its …

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 …

Firms frequently provide general skill training to workers at the firm's cost. Theories proposed that labor market … firms. We first document that the firm provides upfront training, and show that both workers' tenure and the initial fee … charged to clients are positively related to the length of training, but the initial wage paid to workers is not. We then …

to take up on-the-job training, to climb up the career ladder, or to eventually leave to professions more suitable to … overeducated workers have a significantly higher probability to take up on-the-job training than adequately educated workers and …

be driven by higher-skilled workers. The results for training are less clear, but suggest that higher-skilled immigration … may have a positive impact on the training of native workers. We discuss the implications for post-Brexit immigration …