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http://hdl.handle.net/10419/36814
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| Title: | | Market imperfections and firm-sponsored training  |
| Authors: | | Picchio, Matteo van Ours, Jan C. |
| Issue Date: | | 2010 |
| Series/Report no.: | | Discussion paper series // Forschungsinstitut zur Zukunft der Arbeit 4988 |
| 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. |
| Subjects: | | Firm-sponsored training labor market frictions product market competition matched worker-firm data |
| JEL: | | D43 J24 J42 L22 M53 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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