Market imperfections and firm-sponsored training |
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Authors: | Matteo Picchio Jan C van Ours |
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Institution: | aTilburg University, CentER, ReflecT, The Netherlands;bUniversity of Melbourne, Australia;cIZA, Germany;dCEPR, United Kingdom;eCESifo, Germany |
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Abstract: | Using worker and firm data from Dutch manufacturing, our paper investigates how product market competition and labor market imperfections affect firm-sponsored training. We find that product market competition does not affect the firms' training expenditures. Increasing competition, for instance due to increased international integration and globalization, is not a threat to investments in on-the-job training. Instead, labor market imperfections influence firm-sponsored training. An increase in labor market flexibility significantly reduces the incentives of firms to invest in training. The magnitude of this effect is nevertheless small. |
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Keywords: | JEL classification: D43 J24 J42 L22 M53 |
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