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- catalog abstract "In the standard model of human capital with perfect labor markets general training. When labor market frictions compress the structure of wages in the general skills of their employees. The reason is that the distortion in the wage structure turn 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 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.".
- catalog contributor b10678186.
- catalog contributor b10678187.
- catalog contributor b10678188.
- catalog created "c1998.".
- catalog date "1998".
- catalog date "c1998.".
- catalog dateCopyrighted "c1998.".
- catalog description "In the standard model of human capital with perfect labor markets general training. When labor market frictions compress the structure of wages in the general skills of their employees. The reason is that the distortion in the wage structure turn 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 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.".
- catalog description "Includes bibliographical references (p. 23-25).".
- catalog extent "25 p. :".
- catalog isPartOf "NBER working paper series ; working paper 6357".
- catalog isPartOf "Working paper series (National Bureau of Economic Research) ; working paper no. 6357.".
- catalog issued "1998".
- catalog issued "c1998.".
- catalog language "eng".
- catalog publisher "Cambridge, MA : National Bureau of Economic Research,".
- catalog title "The structure of wages and investment in general training / Daron Acemoglu, Jörn-Steffen Pischke.".
- catalog type "Computer network resources. local".
- catalog type "text".