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Human capital and competition: strategic complementarities in firm-based training

Abstract:

Vocational training systems differ markedly between countries. A model of firm-based human capital investment predicts equilibria characterised by particular patterns of training and job-to-job mobility, consistent with observed cross-country differences. Incentives to invest in human capital are determined jointly with labour turnover and the intensity of competition between employers for skilled workers, and the dependence of labour market conditions on human capital leads to strategic comp...

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Publication status:
Published

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Publisher:
University of Oxford
Series:
Department of Economics Discussion Paper Series
Publication date:
2012-11-05
Paper number:
629
Keywords:
Pubs id:
1143791
Local pid:
pubs:1143791
Deposit date:
2020-12-15

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