Inefficient job destructions and training with hold-up
"This paper develops an equilibrium search model with endogenous job destructions and where firms decide at the time of job entry how much to invest in match-specific human capital. We first show that job destruction and training investment decisions are strongly complementary. It is possible t...
|Place of publication:||
Oxford, UK Blackwell Publishing Ltd 2011
Wiley Subscription Services, Inc
|published in:||Labour (Rome, Italy) Vol. 25; no. 4; pp. 397 - 420|
|Data of publication:||2011|
We thank the anonymous referee for very helpful comments. Evidently, all remaining errors are ours.
|Online Access:||available in Bonn?|
|Database:||FIS Bildung Literaturdatenbank
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