A model of general training, banking and labor turnover
A model challenges the theory that general training has no influence on labor turnover. Traditional theories maintain that workers should bear the cost of general training. If the firm contributes the employee receives less remuneration. However, the study finds workers are unable to finance general training and may be paid more in the training period with employers recovering the loan in the post-training period. A lower post-training wage increases the possibilities of a worker seeking more lucrative employment.
Publication Name: Bulletin of Economic Research
In the right place at the wrong time: the role of firms and luck in young workers' careers
Long-term negative effects of early career displacement of young German workers are discussed using changes over time in terms of company-specific and age-specific labor demand as instruments for displacement.
Publication Name: American Economic Review
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