G2TT
来源类型Discussion paper
规范类型论文
来源IDDP2222
DP2222 Competition for Listings
Thierry Foucault; Christine A Parlour
发表日期1999-08-31
出版年1999
语种英语
摘要Becker's theory of human capital predicts that minimum wages should reduce training investments for affected workers, because they prevent these workers from taking wage cuts necessary to finance training. We show that when the assumption of perfectly competitive labour markets underlying this theory is relaxed, minimum wages can increase training of affected workers, by inducing firms to train their unskilled employees. More generally, a minimum wage increases training for con-strained workers, while reducing it for those taking wage cuts to finance their training. We provide new estimates on the impact of the state and federal increases in the minimum wage between 1987 and 1992 on the training of low wage workers. We find no evidence that minimum wages reduce training. These results are consistent with our model, but difficult to reconcile with the standard theory of human capital.
主题Labour Economics
关键词Firm-sponsored training General human capital Imperfect labour markets Low wage workers
URLhttps://cepr.org/publications/dp2222
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/531327
推荐引用方式
GB/T 7714
Thierry Foucault,Christine A Parlour. DP2222 Competition for Listings. 1999.
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