Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/20955 
Year of Publication: 
2000
Series/Report no.: 
IZA Discussion Papers No. 114
Publisher: 
Institute for the Study of Labor (IZA), Bonn
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.
Subjects: 
Education
workplace training
JEL: 
J31
J24
Document Type: 
Working Paper

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