Previous studies have found mixed evidence regarding the effects of the minimum wage on training levels. This paper … exploits a discontinuity in the minimum wage received by apprentices in the United Kingdom to examine this question. Workers …, regression discontinuity design estimates suggest that the increase in the minimum wage has no overall effect on training among …

This paper considers the optimal level of firm-specific training by taking into account the positive effect of training … employment separation rate by introducing firm-specific training. Firm-specific training creates a rent that is lost if the …. This implies that firm-specific training can decrease current wages as it implies a credible commitment to lower future …

We expand Acemoglu and Pischke's seminal model of training in imperfect labor markets by including the system of … collective wage bargaining and the components of firms' training costs. Thus we can adapt their model to institutional changes … of apprenticeship training by changing training procedures towards more training at the work place and thus by decreasing …

contributes to the ongoing debate as to why firms are willing to invest in such training even though many apprentices will leave … find that apprentices staying with their training firm after graduation have (1) higher wages, and (2) longer first …-job durations than apprentices leaving the training firm. These results support theories according to which firms use the …

We expand Acemoglu and Pischke's seminal model of training in imperfect labor markets by including the system of … collective wage bargaining and the components of firms' training costs. Thus we can adapt their model to institutional changes … of apprenticeship training by changing training procedures towards more training at the work place and thus by decreasing …