Becker?s theory of human capital predicts that minimum wages should reduce training investments for affected workers … because they prevent these workers from taking wage cuts necessary to finance training. In contrast, in noncompetitive labor … markets, minimum wages tend to increase training of affected workers because they induce firms to train their unskilled …

In this paper we use important new training and wage data from the British Household Panel Survey to estimate the … impact of the national minimum wage (introduced in April 1999) on the work-related training of low-wage workers. We use two …-in-differences techniques for the period 1998 to 2000, we find no evidence that the introduction of the minimum wage reduced the training of …

market has become as volatile as the US one. -- search ; matching ; training ; firing costs ; productivity differentials …

coverage on work-related training and how the union-training link affects wages and wage growth for a sample of full-time men …. Relative to uncovered workers, union-covered men are more likely to receive training and also receive more days of training. In … addition, union-covered men experience greater returns to training, and coveredtrained workers face a higher wage growth. While …

According to the classical human capital theory general training is entirely financed by workers. This prediction is at … odds with the empirical evidence. This observation inspired new theoretical models of training in frictional labour market …. These frictions create incentives for firms to invest in general training. This paper tries to identify the sources of …