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Randomized field experiments designed to better understand the production of human capital have increased exponentially over the past several decades. This chapter summarizes what we have learned about various partial derivatives of the human capital production function, what important partial...
Persistent link: https://www.econbiz.de/10014023424
A key parameter in the analysis of wage inequality is the elasticity of substitution between skilled and unskilled labor. We question the common view that the elasticity exceeds 1. Two biases, publication and attenuation, conspire to pull the mean elasticity reported in the literature to 1.9....
Persistent link: https://www.econbiz.de/10012271825
Skills shortages and skill mismatch are a pressing concern for policymakers in several developing countries, and in East Asia specifically. Providing on-the-job training can be an effective policy tool to shape the skills of the existent workforce to the specific needs of the firms. This paper...
Persistent link: https://www.econbiz.de/10010380876
Skills shortages and skill mismatch are a pressing concern for policymakers in several developing countries, and in East Asia specifically. Providing on-the-job training can be an effective policy tool to shape the skills of the existent workforce to the specific needs of the firms. This paper...
Persistent link: https://www.econbiz.de/10010466475
Job training is one of the most important aspects of skill formation and human capital accumulation. In this study we use longitudinal Canadian linked employer-employee data to examine whether white/visible minority immigrants and Canadian-borns experience different opportunities in two...
Persistent link: https://www.econbiz.de/10012058163
Using linked employer-worker panel data from Myanmar, we estimate wage returns to workplace training. First, we document a low prevalence of training in manufacturing enterprises. Second, we find the wage premium associated with training of about 7%, which is in the range found in other...
Persistent link: https://www.econbiz.de/10013219273
This paper establishes that the rise in employer-provided training due to technological change has dampened the college wage premium. Using unique survey micro-data, I show that hightechnology firms provide more training overall, but the gap in training participation between high- and low-skill...
Persistent link: https://www.econbiz.de/10014635196
We expand Acemoglu and Pischke's seminal model of training in imperfect labor markets by including the system of collective wage bargaining and the components of firms' training costs. Thus we can adapt their model to institutional changes that occurred since the 1990s. The model and the...
Persistent link: https://www.econbiz.de/10011455316
This paper investigates the determinants of firm-sponsored training which result from the Acemoglu-Pischke model (APM) empirically using German firm-level data on apprenticeship training. Acemoglu and Pischke (1999a, 1999b) demonstrate that wage compression may encourage employers to offer and...
Persistent link: https://www.econbiz.de/10014122876
This paper uses German linked employer-employee data in order to estimate the impact of intra-firm wage dispersion on the probability that firms pay for continuous training. About half of all firms in the estimation sample cover all direct and indirect training costs, which contradicts the...
Persistent link: https://www.econbiz.de/10010337848