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Acemoglu, Daron; Pischke, Jörn-Steffen - C.E.P.R. Discussion Papers - 1996

This paper offers and tests a theory of training whereby workers do not pay for general training they receive. The crucial ingredient in our model is that the current employer has superior information about the worker’s ability relative to other firms. This informational advantage gives the...

Persistent link: https://www.econbiz.de/10005791865

The Economics of Human Cloning

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2001

In this Paper, we analyse the extent to which market forces create an incentive for cloning human beings. We show that a market for cloning arises if a large enough fraction of the clone's income can be appropriated by its model. Only people with the highest ability are cloned, while people at...

Persistent link: https://www.econbiz.de/10005792154

The Impact of Training on Productivity and Wages: Firm Level Evidence

Konings, Jozef; Vanormelingen, Stijn - C.E.P.R. Discussion Papers - 2009

This paper uses firm level panel data of firm provided training to estimate its impact on productivity and wages. To this end the strategy proposed by Ackerberg, Caves and Frazer (2006) for estimating production functions to control for the endogeneity of input factors and training is applied....

Persistent link: https://www.econbiz.de/10008528543

Apprenticeships and Job Tenure: A Competing Risks Model with Time-varying Covariates

Booth, Alison L; Satchell, Stephen E - C.E.P.R. Discussion Papers - 1993

The paper examines the extent of apprenticeships in the first job for a cohort of young men entering the labour market at age 16 in the late 1970s. The impact of the apprenticeship on employment duration and early labour market mobility is estimated. The data set used is the National Child...

Persistent link: https://www.econbiz.de/10005136614

The Dynamics of Exclusion and Fiscal Conservatism

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1994

This paper studies the impact of income inequality on fiscal conservatism when an increase in inequality affects the bottom portion of income distribution. It is argued that, contrary to what is generally assumed in the economic literature, inequality will then be associated with less, rather...

Persistent link: https://www.econbiz.de/10005136638

The Evolution of Modern Educational Systems: Technical Vs. General Education, Distributional Conflict and Growth

Bertocchi, Graziella; Spagat, Michael - C.E.P.R. Discussion Papers - 1998

We study the evolution of an educational system which is founded on a hierarchical differentiation between technical and general education, with a superior social status attached to general. The resulting dynamic political equilibrium is best summarized by the ratio of vocational to general...

Persistent link: https://www.econbiz.de/10005504686

Who Gets Over the Training Hurdle? A Study of the Training Experiences of Young Men and Women in Britain

Arulampalam, Wiji; Booth, Alison L - C.E.P.R. Discussion Papers - 1996

Using longitudinal data from the British National Child Development Study, this paper examines gender differences in the determinants of work-related training. The analysis covers a crucial decade in the working lives of the 1958 birth cohort of young men and women – the years spanning the...

Persistent link: https://www.econbiz.de/10005504728

Training and Unions

Booth, Alison L; Chatterji, Monojit - C.E.P.R. Discussion Papers - 1997

The paper examines the optimal level of training investment when trained workers are mobile, wage contracts are time-consistent, and training comprises both specific and general skills. It is shown that, in the absence of a social planner, the firm has ex-post monopsonistic power that drives...

Persistent link: https://www.econbiz.de/10005666579

Information Technology and the Knowledge Elites

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2001

proportion of knowledge workers in employment, depending on the response of the overall demand for knowledge to the implied … reduction in the cost of acquiring it. In my model, knowledge (in a broad sense) is an input into the production function of … knowledge input in the production of human capital. An improvement in IT is modelled as an increase in the number of people who …

Persistent link: https://www.econbiz.de/10005791349

Venture Capital and Knowledge Transfer

Dessí, Roberta; Yin, Nina - C.E.P.R. Discussion Papers - 2015

communicate valuable knowledge to an entrepreneur, facilitating innovation. The venture capitalist can also communicate the …This paper explores a new role for venture capitalists, as knowledge intermediaries. A venture capital investor can … entrepreneur's innovative knowledge to other portfolio companies. We study the costs and benefits of these two forms of knowledge …

Persistent link: https://www.econbiz.de/10011168896