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Training and Search On the Job / Rasmus Lentz, Nicolas Roys.
- Format:
- Book
- Author/Creator:
- Lentz, Rasmus.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w21702.
- NBER working paper series no. w21702
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2015.
- Summary:
- The paper studies human capital accumulation over workers' careers in an on the job search setting with heterogenous firms. In renegotiation proof employment contracts, more productive firms provide more training. Both general and specific training induce higher wages within jobs, and with future employers, even conditional on the future employer type. Because matches do not internalize the specific capital loss from employer changes, specific human capital can be over-accumulated, more so in low type firms. While validating the Acemoglu and Pischke (1999) mechanisms, the analysis nevertheless arrives at the opposite conclusion: That increased labor market friction reduces training in equilibrium.
- Notes:
- Print version record
- November 2015.
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