Beyond Becker: Training in Imperfect Labour Markets

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Working Paper Department of Economics beyond Becker: Training in Imperfect Labor Markets*

In this paper, we survey non-competitive theories of training. With competitive labor markets, firms never pay for investments in general training, whereas when labor markets are imperfect, firm-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 the...

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ژورنال

عنوان ژورنال: The Economic Journal

سال: 1999

ISSN: 0013-0133,1468-0297

DOI: 10.1111/1468-0297.00405