Resource title

Firm-Sponsored General Training in Frictional Labour Markets : An Empirical Analysis for Switzerland

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Resource description

According to the classical human capital theory general training is entirely financed by workers. This prediction is at odds with the empirical evidence. This observation inspired new theoretical models of training in frictional labour market. These frictions create incentives for firms to invest in general training. This paper tries to identify the sources of frictions in the Swiss labour market. The results indicate that internal wage floors may play an important role, especially for training in large firms. Overall, the empirical results support the predictions of the new training literature.

Resource author

Michael Gerfin

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Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/20312

Resource license

Adapt according to the presented license agreement and reference the original author.