We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Imperfect Information and Training Quality.
- Authors
Smits, Wendy
- Abstract
This paper develops a theoretical model in which the level of training provided by a firm is not observed by workers. It is therefore not possible to have training wages completely contingent upon the level of training provided. Training wages will be too high. This, in turn, prevents firms from recouping the full benefits from training and leads to underinvestment. The more general the training, the more severe this underinvestment problem.
- Subjects
EMPLOYEE training; WAGES; BUSINESS enterprises; INVESTMENTS; OCCUPATIONAL training
- Publication
LABOUR: Review of Labour Economics & Industrial Relations, 2005, Vol 19, Issue 4, p655
- ISSN
1121-7081
- Publication type
Article
- DOI
10.1111/j.1467-9914.2005.00329.x