General training by firms, apprentice contracts, and public policy

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 external...

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Veröffentlicht in:European economic review 2003-04, Vol.47 (2), p.197-227
Hauptverfasser: Malcomson, James M, Maw, James W, McCormick, Barry
Format: Artikel
Sprache:eng
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