Because the employer and the firm incur a loss when a trained worker changes jobs, it appears probable that on-the-job training is selectively provided to workers who are less likely to change jobs. Furthermore, if there is belated information about employees' future mobility, it may be optimal...

As Gary Becker first noted in his seminal article on investment in human capital, the effect of training on wages and mobility can be expected to depend crucially on the degree to which the training is specific or general. While Becker's model is well accepted by labor economists, the topic of...

As the structure of the economy has changed over the past few decades, researchers and policy makers have been increasingly concerned with how these changes affect workers. In this book, leading economists examine a variety of important trends in the new economy, including inequality of earnings...