Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/20312
Authors: 
Gerfin, Michael
Year of Publication: 
2004
Series/Report no.: 
IZA Discussion paper series 1077
Abstract: 
According to the classical human capital theory general training is entirely financed by workers. This prediction is at odds with the empirical evidence. This observation inspired new theoretical models of training in frictional labour market. These frictions create incentives for firms to invest in general training. This paper tries to identify the sources of frictions in the Swiss labour market. The results indicate that internal wage floors may play an important role, especially for training in large firms. Overall, the empirical results support the predictions of the new training literature.
Subjects: 
training
wages
market imperfections
mobility
JEL: 
J31
C33
I2
Document Type: 
Working Paper

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