@techreport{Brunello2000Explanation,
abstract = {We develop a simple search equilibrium model of workplace training and education based
on two features. First, investment in education improves job-related learning skills and
reduces training costs burdened by firms. Second, firms with vacant skilled job slots can
choose between recruitment from the market and training. Compared to Germany and
Japan, the US has both a higher inflow rate into unemployment and a higher efficiency of the
matching process. While the combined effort of these differences on the share of educated
labor is ambiguous, the effect on the percentage of firms undertaking workplace training is to
unambiguously reduce it.},
author = {Giorgio Brunello and Alfredo Medio},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {J31; J24; 330; Education; workplace training; Bildungsinvestition; Betriebliche Bildungsarbeit; Arbeitsnachfrage; Offene Stellen; Arbeitslosigkeit; Arbeitsplatzsuchmodell; Vergleich; Theorie; USA; EU-Staaten},
language = {eng},
number = {114},
title = {An Explanation of International Differences in Education and Workplace Training},
type = {IZA Discussion paper series},
url = {http://hdl.handle.net/10419/20955},
year = {2000}
}
