Occupation-specific human capital and local labour markets

Most skills acquired through on-the-job training may be specific to an occupation and therefore transferable to some but not all firms. This paper explores the relationship between the size of the local market for an occupation-specific skill and job-training outcomes. The Stevens (1994) model of tr...

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Bibliographic Details
Published in:Oxford economic papers 2006-10, Vol.58 (4), p.722-741
Main Author: Groen, Jeffrey A
Format: Article
Language:English
Subjects:
Arbeitsmobilität
Berufsbegleitende Ausbildung
Business structures
Economic impact
Empirical tests
Employee turnover
Employment
Externality
Human capital
Job training
Labor market
Labour economics
Labour market
Manual labor
Market size
Market surveys
Metropolitan areas
Modeling
Occupations
Productivity
Qualifikation
Random variables
Regional markets
Regionaler Arbeitsmarkt
Skills
Studies
Theorie
Training
U.S.A
Vocational training
Workers
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Summary:Most skills acquired through on-the-job training may be specific to an occupation and therefore transferable to some but not all firms. This paper explores the relationship between the size of the local market for an occupation-specific skill and job-training outcomes. The Stevens (1994) model of training predicts that as market size increases, job turnover increases and training becomes more general. I test these predictions using data on blue-collar workers and variation in market size across US metropolitan areas. The empirical results support the theoretical predictions and the impacts are most relevant at low levels of market size.
ISSN:0030-7653
1464-3812
DOI:10.1093/oep/gpl017