General training by firms, apprentice contracts, and public policy

Incentives, Contracts and Markets: A General Equilibrium Theory of Firms∗

This paper takes steps toward integrating firm theory in the spirit of Alchian & Demsetz (1972) and Grossman & Hart (1986), contract theory in the spirit of Holmstrom (1979), and general equilibrium theory in the spirit of Arrow & Debreu (1954) and McKenzie (1959). In the model presented here, the set of firms that form and the contractual arrangements that appear, the assignments of agents to ...

Exclusive Contracts and Vertical Restraints: Empirical Evidence and Public Policy

Why do Firms Invest in General Training ? ‘ Good ’ Firms and ‘ Bad ’ Firms

We develop a model demonstrating conditions under which firms will invest in the general training of their workers, and show that firms’ incentives to invest in general training are increasing in task complexity. Workers’ heterogeneous observable innate ability affects the variety of tasks that can be performed within a firm. This gives monopsony power to firms with ‘better’ workforces. As a re...

Risk Perception and Risk Communication for Training Women Apprentice Welders: A Challenge for Public Health Nursing

This research has aimed to identify the perceptions of women apprentice welders about physical, chemical, biological, and physiological risk factors to which they are exposed and evaluate the identification of health disorders self-reported for women apprentice welders before and after implementation of a nursing socioenvironmental intervention. A quantitative study was performed with 27 women ...

Why Do Temporary Help Firms Provide Free General Skills Training?

The majority of U. S. temporary help supply (THS) Žrms offer nominally free, unrestricted computer skills training, a practice inconsistent with the competitive model of training. I propose and test a model in which Žrms offer general training to induce self-selection and perform screening of worker ability. The model implies, and the data conŽrm, that Žrms providing training attract higher abi...