Workers will not pay for general on-the-job training if contracts are not enforceable. Firms may if there are mobility frictions. Private information about worker productivities, however, prevents workers who quit receiving their marginal products elsewhere. Their new employers then receive...

This paper evaluates the impact of a training voucher program on establishments' investments in further training. The voucher program that was implemented in the German federal state of North Rhine-Westphalia increased training incentives for employees in small and medium-sized establishments by...

This paper is concerned with the effects of training on the future employment probability of trainees. During the transformation process of the East German economy after reunification, employment decreased by a large amount. Therefore, many workers in East Germany participated in training...

By using new panel data for Finnish banks we study the impact of training on wages and performance. To the best of our knowledge, ours is the first paper to compare explicitly the effects of general and firm-specific workplace training on outcomes for both employees and firms. Unlike much...

Using data from the National Educational Panel Study of 2009/2010, this paper investigates the relationship between regional training supply and employees ́training participation. Controlling for other regional factors such as the local unemployment rate, the educational level, the population...

We propose a theory that emphasizes the role of managers for the production and allocation of human capital in firms. Managers invest time to train junior employees, and acquire information about the juniors' abilities that is valuable for job assignments. This dual role of managers matters...

Training programs for the unemployed typically involve teaching a specific skill to ease the transition into employment. However, in 1997, the Swedish unemployed could choose general/theoretical training through enrollment in one year of full-time studies at the upper secondary school level....