| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1862 |
| DP1862 An Applied Econometrician's View of Large Company Performance | |
| Paul A Geroski | |
| 发表日期 | 1998-04-30 |
| 出版年 | 1998 |
| 语种 | 英语 |
| 摘要 | In the standard model of human capital with perfect labor markets, workers pay for general training. When labor market frictions compress the structure of wages, firms may invest in the general skills of their employees. The reason is that the distortion in the wage structure turns ``technologically'' general skills into ``specific'' skills. Labor market frictions and institutions, such as minimum wages and union wage setting, are crucial in shaping the wage structure, and thus have an important impact on training. Our results suggest that the more frictional and regulated labor markets in Europe and Japan may generate more firm-sponsored general training than the U.S. |
| 主题 | International Macroeconomics |
| 关键词 | Firm sponsored training General human capital Imperfect labour markets |
| URL | https://cepr.org/publications/dp1862 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531004 |
| 推荐引用方式 GB/T 7714 | Paul A Geroski. DP1862 An Applied Econometrician's View of Large Company Performance. 1998. |
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