Testing the Acemoglu–Pischke model in Spain

The Acemoglu–Pischke approach to training in imperfect labor markets predicts that wage compressions should shift incentives to invest in training from workers to firms. This will increase firm-sponsored general training when workers are unable to invest in training by themselves. Spain is on the to...

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Bibliographic Details
Published in:Economics letters 2001-07, Vol.72 (1), p.107-115
Main Author: Peraita, Carlos
Format: Article
Language:English
Subjects:
Firm-sponsored training
Human capital
In-service training
Labour market
On-the-job training
Regulation
Spain
Training
Wage compression
Wages
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Summary:The Acemoglu–Pischke approach to training in imperfect labor markets predicts that wage compressions should shift incentives to invest in training from workers to firms. This will increase firm-sponsored general training when workers are unable to invest in training by themselves. Spain is on the top of the ranking of regulated labor markets. However, the training figures for Spain indicate a poor effect of highly compressed wage structure on firm-sponsored training.
ISSN:0165-1765
1873-7374
DOI:10.1016/S0165-1765(01)00401-3