External certification of workplace skills obtained through on-the-job training is widespread in many countries. This … may indicate that training is financed by workers, and certification serves to assure the quality of the training offered … by the firm. However, other evidence shows that general training is financed by firms, especially in Germany. We show in …

firms. In renegotiation proof employment con- tracts, more productive firms provide more training. Both general and specific … training induce higher wages within jobs, and with future employers, even conditional on the future employer type. Because … at the opposite conclusion: That increased labor market friction reduces training in equilibrium …

firms. In renegotiation proof employment con- tracts, more productive firms provide more training. Both general and specific … training induce higher wages within jobs, and with future employers, even conditional on the future employer type. Because … at the opposite conclusion: That increased labor market friction reduces training in equilibrium …

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 … of apprenticeship training by changing training procedures towards more training at the work place and thus by decreasing …

Becker's theory of human capital predicts that minimum wages should reduce training investments for affected workers … because they prevent these workers from taking wage cuts necessary to finance training. In contrast, in noncompetitive labor … markets, minimum wages tend to increase training of affected workers because they induce firms to train their unskilled …

Becker's theory of human capital predicts that minimum wages should reduce training investments for affected workers … because they prevent these workers from taking wage cuts necessary to finance training. In contrast, in noncompetitive labor … markets, minimum wages tend to increase training of affected workers because they induce firms to train their unskilled …

Becker's theory of human capital predicts that minimum wages should reduce training investments for affected workers … because they prevent these workers from taking wage cuts necessary to finance training. In contrast, in noncompetitive labor … markets, minimum wages tend to increase training of affected workers because they induce firms to train their unskilled …

training of their workers. However, when search costs are low because there is a large availability of skilled workers on the … the market rather than provide training to inexperienced workers. In this paper, these aspects are studied through a model … with search and matching frictions. In order to empirically verify the relationship between training and labour market …

-for training. Both channels lead to a decline in TFP. We test these implications in a large panel of Spanish manufacturing firms …