Is Training More Frequent When the Wage Premium is Smaller?: Evidence from the European Community

Organisation for Economic Co-operation and Development2026-04-11 收录

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According to Becker [1964], when labour markets are perfectly competitive, general training is paid by the worker, who reaps all the benefits from the investment. Therefore, ceteris paribus, the greater the training wage premium, the greater the investment in general training. Using data from the European Community Household Panel, we compute a...