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Is Wage Compression a Necessary Condition for Firm-Financed General Training?

Booth, Alison L and Zoega, Gylfi (2001) Is Wage Compression a Necessary Condition for Firm-Financed General Training? Working Paper. C.E.P.R. Discussion Papers.

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Abstract

It is well known that workers in Europe appear to receive more firm-provided general training than their counterparts in the United States. Moreover, there is considerable evidence that firms, in many cases, pay for the general training, contrary to the predictions of Becker (1964). In important recent contributions, Acemoglu and Pischke argue that it is through wage compression that unions and other labour-market institutions induce firms to invest in general training. We show that while wage compression can make firms more willing to pay for training, it does not constitute a necessary condition for firm-sponsored training.

Item Type: Monograph (Working Paper)
Uncontrolled Keywords: absolute- and relative wage compression; Firm-financed general training
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences > Economics, Department of
Depositing User: Jim Jamieson
Date Deposited: 18 Jul 2012 11:05
Last Modified: 18 Jul 2012 11:05
URI: http://repository.essex.ac.uk/id/eprint/3171

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