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https://hdl.handle.net/10419/21184
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Gersbach, Hans | en |
dc.contributor.author | Schutzler, Armin | en |
dc.date.accessioned | 2009-01-28T16:20:10Z | - |
dc.date.available | 2009-01-28T16:20:10Z | - |
dc.date.issued | 2001 | - |
dc.identifier.uri | http://hdl.handle.net/10419/21184 | - |
dc.description.abstract | We develop a product market theory that explains why firms invest in general training of theirworkers. We consider a model where firms first decide whether to invest in general humancapital, then make wage offers for each others? trained employees and finally engage inimperfect product market competition. Equilibria with and without training, and multipleequilibria 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 otherwisesuffer a competitive disadvantage or need to pay high wages in order to attract trainedworkers. Government intervention can be socially desirable to turn training into a focalequilibrium. | en |
dc.language.iso | eng | en |
dc.publisher | |aInstitute for the Study of Labor (IZA) |cBonn | en |
dc.relation.ispartofseries | |aIZA Discussion Papers |x327 | en |
dc.subject.jel | L43 | en |
dc.subject.jel | L92 | en |
dc.subject.jel | D42 | en |
dc.subject.jel | L22 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | General training | en |
dc.subject.keyword | human capital | en |
dc.subject.keyword | oligopoly | en |
dc.subject.keyword | turnover | en |
dc.subject.stw | Betriebliche Bildungsarbeit | en |
dc.subject.stw | Bildungsinvestition | en |
dc.subject.stw | Wettbewerb | en |
dc.subject.stw | Oligopol | en |
dc.subject.stw | Lohn | en |
dc.subject.stw | Arbeitsmobilität | en |
dc.subject.stw | Spieltheorie | en |
dc.subject.stw | Theorie | en |
dc.title | A Product Market Theory of Worker Training | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 843984767 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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