Beyond Becker: Training in Imperfect Labor Markets
Posted: 26 Jul 2000
There are 2 versions of this paper
Beyond Becker: Training in Imperfect Labor Markets
NBER Working Paper No. w6740
Number of pages: 39
Posted: 19 Jan 1999
Last Revised: 04 Dec 2022
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126
Date Written: September 1998
Abstract
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 these models.
Suggested Citation: Suggested Citation
Acemoglu, Daron and Pischke, Jörn-Steffen (Steve), Beyond Becker: Training in Imperfect Labor Markets (September 1998). Available at SSRN: https://ssrn.com/abstract=237500
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