| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2222 |
| 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 |
| URL | https://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. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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