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Testing the Acemoglu–Pischke model in Spain

Authors
Journal
Economics Letters
0165-1765
Publisher
Elsevier
Publication Date
Volume
72
Issue
1
Identifiers
DOI: 10.1016/s0165-1765(01)00401-3
Keywords
  • Firm-Sponsored Training
  • Wage Compression

Abstract

Abstract 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.

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