This paper introduces two complementary models of firm-specific training: an informational model and a productivity …-enhancement model. In both models, market provision of firm-specific training is inefficient. However, the nature of the inefficiency …

This paper introduces two complementary models of firm-specific training: an informational model and a productivity …-enhancement model. In both models, market provision of firm-specific training is inefficient. However, the nature of the inefficiency …

This paper introduces two complementary models of firm-specific training: an informational model and a productivity …-enhancement model. In both models, market provision of firm-specific training is inefficient. However, the nature of the inefficiency …FIRM-SPECIFIC TRAINING by Leonardo Felli London School of Economics and Political Science and Christopher …

This paper considers the optimal level of firm-specific training by taking into account the positive effect of training … employment separation rate by introducing firm-specific training. Firm-specific training creates a rent that is lost if the …. This implies that firm-specific training can decrease current wages as it implies a credible commitment to lower future …

This paper considers the optimal level of firm-specific training by taking into account the positive effect of training … employment separation rate by introducing firm-specific training. Firm-specific training creates a rent that is lost if the …. This implies that firm-specific training can decrease current wages as it implies a credible commitment to lower future …