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dc.contributor.authorGersbach, Hansen_US
dc.contributor.authorSchutzler, Arminen_US
dc.date.accessioned2009-01-28T16:20:10Z-
dc.date.available2009-01-28T16:20:10Z-
dc.date.issued2001en_US
dc.identifier.urihttp://hdl.handle.net/10419/21184-
dc.description.abstractWe develop a product market theory that explains why firms invest in general training of their workers. We consider a model where firms first decide whether to invest in general human capital, then make wage offers for each others? trained employees and finally engage in imperfect product market competition. Equilibria with and without training, and multiple equilibria can emerge. If competition is sufficiently soft and trained workers are substitutes, firms may invest in non-specific training if others do the same, because they would otherwise suffer a competitive disadvantage or need to pay high wages in order to attract trained workers. Government intervention can be socially desirable to turn training into a focal equilibrium.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesIZA Discussion paper series 327en_US
dc.subject.jelL43en_US
dc.subject.jelL92en_US
dc.subject.jelD42en_US
dc.subject.jelL22en_US
dc.subject.ddc330en_US
dc.subject.keywordGeneral trainingen_US
dc.subject.keywordhuman capitalen_US
dc.subject.keywordoligopolyen_US
dc.subject.keywordturnoveren_US
dc.subject.stwBetriebliche Bildungsarbeiten_US
dc.subject.stwBildungsinvestitionen_US
dc.subject.stwWettbewerben_US
dc.subject.stwOligopolen_US
dc.subject.stwLohnen_US
dc.subject.stwArbeitsmobilitäten_US
dc.subject.stwSpieltheorieen_US
dc.subject.stwTheorieen_US
dc.titleA Product Market Theory of Worker Trainingen_US
dc.typeWorking Paperen_US
dc.identifier.ppn334830605en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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