We study the impact of barriers to entry on workplace training. Our theoretical model indicates that there are two … contrasting effects of deregulation on training. With a given number of firms, deregulation reduces the size of rents per unit of … output that firms can reap by training their employees. Yet, the number of firms increases, thereby raising output and profit …

Workers acquire skills through formal schooling, through training provided by governments, and through training … recent years despite the sizable contribution of firm training to the overall stock of worker human capital. We engage with … research on the determinants of receipt of firm training, the effects of firm training on workers outcomes, and various policy …

Workers acquire skills through formal schooling, through training provided by governments, and through training … recent years despite the sizable contribution of firm training to the overall stock of worker human capital. We engage with … research on the determinants of receipt of firm training, the effects of firm training on workers outcomes, and various policy …

training. While there is little if any evidence in support of underprovision because of liquidity constraints to the demand … side of the market, there is evidence that employers provide and pay for general training, and that the provision of skills … encourages labor turnover. The combination of these two facts suggests that the labor market provides less training than optimal …