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    Is wage compression a necessary condition for firm-financial general training?

    Booth, A.L. and Zoega, Gylfi (2001) Is wage compression a necessary condition for firm-financial general training? Working Paper. Birkbeck, University of London, London, UK.

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    Abstract

    It is well known that workers in Europe appear to receive more firm-provided general training than their counterparts in the United States. Moreover, there is considerable evidence that firms, in many cases, pay for the general training, contrary to the predictions of Becker (1964). In important recent contributions, Acemoglu and Pischke argue that it is through wage compression that unions and other labour-market institutions induce firms to invest in general training. We show that while wage compression can make firms more willing to pay for training, it does not constitute a necessary condition for firm-sponsored training.

    Metadata

    Item Type: Monograph (Working Paper)
    School: School of Business, Economics & Informatics > Economics, Mathematics and Statistics
    Depositing User: Sarah Hall
    Date Deposited: 08 Dec 2020 16:13
    Last Modified: 08 Dec 2020 16:13
    URI: https://eprints.bbk.ac.uk/id/eprint/42036

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