Chiang, Shih-Chen; Chiang, Shin-Hwan - In: Australian Economic Papers 29 (1990) 55, pp. 266-72
It is known that risk-neutral workers bear the full costs of general training. This result is contingent upon the assumption that all firms have complete information about workers' postinvestment productivities. The authors show that, if information is not perfect, the better-informed employer...