Economists once believed firms do not pay to develop occupational skills that workers could use in other, often … competing, firms. Researchers now recognize that most firms benefit from investing in apprenticeship training. Evidence … their investment pay off only after accounting for reduced turnover, recruitment, and initial training costs. Generally, the …

with demand for broader skill sets, and the firm characteristics that are related to particular skills and different … combinations of skills. We use a unique matched database of firm-level data and online job vacancy data for a developing economy … requirements across firms within the same occupations. Additionally, we show that firms demanding diverse skills differ from their …

where firms who match with entrant workers have to incur training costs. As a result, firms are biased against entrant …