@techreport{Picchio2010Market,
abstract = {Recent human capital theories predict that labor market frictions and product market competition influence firm-sponsored training. Using matched worker-firm data from Dutch manufacturing, our paper empirically assesses the validity of these predictions. We find that a decrease in labor market frictions significantly reduces firms' training expenditures. Instead, product market competition does not have an effect on firm-sponsored training. We conclude that increasing competition through international integration and globalization does not pose a threat to investments in on-the-job training. An increase in labor market flexibility may reduce incentives of firms to invest in training, but the magnitude of this effect is small.},
address = {Bonn},
author = {Matteo Picchio and Jan C. van Ours},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {D43; J24; J42; L22; M53; 330; Firm-sponsored training; labor market frictions; product market competition; matched worker-firm data; Betriebliche Weiterbildung; Bildungsinvestition; Arbeitsmarktflexibilisierung; Wettbewerb; Unvollkommener Markt; Sch\"{a}tzung; Niederlande},
language = {eng},
number = {4988},
publisher = {IZA},
title = {Market imperfections and firm-sponsored training},
type = {Discussion paper series // Forschungsinstitut zur Zukunft der Arbeit},
url = {http://hdl.handle.net/10419/36814},
year = {2010}
}
