training policies should therefore be reformulated. Skill formation is impaired when the returns to skill formation are low due …

This paper incorporates training in the design of unemployment policies. Human capital falls upon displacement and … continuously depreciates during unemployment. While training counters the decrease in human capital, it also affects the … willingness of the unemployed to search. I characterize the optimal insurance contract when participation to training programs …

The literature has not yet resolved whether the effect of macroeconomic fluctuations on training decisions is positive … or negative. On the one hand, the opportunity cost to train is lower during downturns, and thus training should be … to skill, making training incidence pro-cyclical. Using the Canadian panel of Workplace and Employee Survey (WES), we …

This paper uses firm level panel data of firm provided training to estimate its impact on productivity and wages. To … endogeneity of input factors and training is applied. The productivity premium for a trained worker is estimated at 23%, while the … wage premium of training is estimated at 12%. Our results give support to recent theories that explain work related …

This paper uses firm level panel data of firm provided training to estimate its impact on productivity and wages. To … endogeneity of input factors and training is applied. The productivity premium for a trained worker is estimated at 23%, while the … wage premium of training is estimated at 12%. Our results give support to recent theories that explain work related …

The existing literature on training is concerned with understanding the reasons why firms pay for the general skills of … willingness of firms to pay for general training, and accounts for the pattern of training provision empirically observed. It is … assumptions, when training and specific human capital are complements, the firm would pay for the former in order to induce the …

An effective system of education and training is important for both social and economic reasons. Its role in the Polish … public and private funding. Participation in adult training is low too and, as elsewhere, seems to be concentrated among …