This paper incorporates training in the design of unemployment policies. Human capital falls upon displacement and … continuously depreciates during unemployment. While training counters the decrease in human capital, it also affects the … willingness of the unemployed to search. I characterize the optimal insurance contract when participation to training programs …

This paper uses firm level panel data of firm provided training to estimate its impact on productivity and wages. To … endogeneity of input factors and training is applied. The productivity premium for a trained worker is estimated at 23%, while the … wage premium of training is estimated at 12%. Our results give support to recent theories that explain work related …

We analyze a model where a multinational firm can use a superior technology in a foreign subsidiary only after training …

training and firms provide insufficient skilled vacancies. In particular, the paper argues that in countries where a large … paper examines the need for and effectiveness of training policy, and provides a possible explanation for why Western …

also estimated. Estimates from models with and without explicitly modelling the timing of training produce broadly similar … exit rate, relative to the base of no training. The finding for completed apprenticeships suggests that both employers and …

the determinants of work-related training. The analysis covers a crucial decade in the working lives of the 1958 birth … the number of work-related training events lasting at least three days. This approach takes into account the fact that … more than one-half of the men and two-thirds of the women in the sample experienced no work-related training lasting three …

minimum wage. The paper concludes by showing that if employers can change investment in fixed capital and in training, then an …

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 …-post monopsonistic power in wage determination. Local union-firm wage bargaining ensures that the post-training wage is set sufficiently …

There is a vast empirical literature on the effects of training on wages that are taken as an indirect measure of … productivity. This paper is part of a smaller literature on the effects of training on direct measures of industrial productivity …. We analyse a panel of British industries between 1983 and 1996. Training information (and other individual productivity …