Uncertainty as to returns plays a crucial role in plant-level investment decision making. The same also holds true for human capital investments such as further training for employees. Exploring this training relationship using plant-level data, we isolate the impact of uncertainty....

German employment relations are characterized by a distinct dual system: First, working conditions and wages are determined by industry level collective bargaining agreements. Second, on the establishment level the works council is responsible for employer-employee negotiations. But since the...

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German employment relations are characterized by a distinct dual system: First, working conditions and wages are determined by industry level collective bargaining agreements. Second, on the establishment level the works council is responsible for employer-employee negotiations. But since the...

Uncertainty as to returns plays a crucial role in plant-level investment decision making. The same also holds true for human capital investments such as further training for employees. Exploring this training relationship using plant-level data, we isolate the impact of uncertainty....

"German employment relations are characterized by a distinct dual system: First, working conditions and wages are determined by industry level collective bargaining agreements. Second, on the establishment level the works council is responsible for employer-employee negotiations. But since the...

"German employment relations are characterized by a distinct dual system: First, working conditions and wages are determined by industry level collective bargaining agreements. Second, on the establishment level the works council is responsible for employer-employee negotiations. But since the...