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

Working paper

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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Authors: Stevens, M

• Publication status: Published
• Peer review status: Peer reviewed
• Publisher: ESRC Centre on Skills, Knowledge and Organisational Performance (SKOPE) Publisher's website
• Series: SKOPE Research Paper
• Place of publication: http://www.skope.ox.ac.uk/publications
• Publication date: 2013-01-01
• ISSN: 1466-1535
• Paper number: 114 January 2013
• Language: English
• Keywords: JEL:J24; matching; labour turnover; general training; specific training; search; human capital; JEL: J63
• Subjects: Education; Vocational and professional learning