In a recent paper Lazear (2004) proposed the so called skill-weights view of firm-specific human capital. According to his theory all single skills are general but each firm may require a different combination of these single skills. The purpose of our paper is to test Lazear's model using a...

According to standard human capital theory firm financed training cannot be explained if skills are of general nature. Nevertheless, investments of firms into general training can be observed and there has been a large literature to explain this puzzle, mostly referring to imperfect labor market...

Participation in continuing vocational training is often found to be associated with considerable individual benefits such as a wage increase or a reduction in unemployment. But why then do some participate and others don't? In our paper we argue that it is important to take selection effects...

Beruflicher Weiterbildung kommt nicht nur im Rahmen einer zunehmend globalisierten und einer sich immer schneller verändernden Umwelt eine zentrale Bedeutung zu. Sie wird im Rahmen des absehbaren demographischen Wandels zunehmend für jedes einzelne Unternehmen wettbewerbsentscheidend. Vor...