An Explanation of International Differences in Education and Workplace Training

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.

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Year of publication:	2000
Authors:	Brunello, Giorgio ; Medio, Alfredo
Publisher:	Bonn : Institute for the Study of Labor (IZA)
Subject:	Bildungsinvestition \| Betriebliche Bildungsarbeit \| Arbeitsnachfrage \| Offene Stellen \| Arbeitslosigkeit \| Arbeitsplatzsuchmodell \| Vergleich \| Theorie \| USA \| EU-Staaten \| Education \| workplace training

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Series:	IZA Discussion paper series ; 114
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	834537966 [GVK] hdl:10419/20955 [Handle]
Classification:	J31 - Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc ; J24 - Human Capital; Skills; Occupational Choice; Labor Productivity
Source:	EconStor