6533b837fe1ef96bd12a25f1
RESEARCH PRODUCT
Testing the Acemoglu–Pischke model in Spain
Carlos Peraitasubject
Economics and EconometricsLabour economicsIncentiveRankingEfficiency wagemedia_common.quotation_subjectWageEconomicsWage compressionImperfectTraining (civil)Financemedia_commondescription
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.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2001-07-01 | Economics Letters |