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Do Quits Cause Under-Training?

Booth, Alison L and Zoega, Gylfi (1999) 'Do Quits Cause Under-Training?' Oxford Economic Papers, 51 (2). pp. 374-86. ISSN 0030-7653

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A recent finding in the training literature is that there will be underinvestment in skills if there is a positive quit rate, training is at least partially transferable, and there is imperfect competition in the labor market. The authors explore the conditions under which this underinvestment result might be reversed. In economies characterized by uncertainty about future productivity, they show that a higher quit rate may increase the number of workers trained by making firms wait less for information about future productivity before training new workers. At low quit rates, this offsets all of the underinvestment effect.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences > Economics, Department of
Depositing User: Jim Jamieson
Date Deposited: 18 Jul 2012 10:46
Last Modified: 18 Jul 2012 10:46

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