Gavrel, Frédéric; Guironnet, Jean-Pascal; Lebon, Isabelle - Centre de Recherche en Économie et Management (CREM) - 2012
In this paper, training, which is seen as a way to reduce the mismatch between workers and jobs, takes place on the job. We show that a general rise in unemployment lowers the probability of on-the-job training by reducing the mismatch. We then close the model by assuming free-entry and study...