Beyond Becker: Training In Imperfect Labour Markets  

Oleh:

Acemoglu, Daron ; Pischke, Jorn-Steffen

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 109 no. 453 (Feb. 1999), page 112-164.
Fulltext: 112.pdf (342.54KB)

Isi artikel

In this paper, we survey non-competitive theories of training. With competitive labour markets, ®rms never pay for investments in general training, whereas when labour markets are imperfect, ®rm-sponsored training arises as an equilibrium phenomenon. We discuss a variety of evidence which support the predictions of non-competitive theories, and we draw some tentative policy conclusions from these models.

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