Firms' Training Decisions and Unemployment in Italian Labour Markets
Maria De Paola () and
Vincenzo Scoppa ()
Giornale degli Economisti, 2002, vol. 61, issue 1, 103-126
Abstract:
Some recent theories of human capital investments show that firms could be interested in paying for the general training of their workers. However, when search costs are low because there is a large availability of skilled workers on the market (that is, when the skilled unemployment/vacancy ratio is high), firms might find it optimal to hire skilled workers on the market rather than provide training to inexperienced workers. In this paper, these aspects are studied through a model with search and matching frictions. In order to empirically verify the relationship between training and labour market tightness across Italian regions, we use, as exogenous determinants of unemployment, the regional differences in separation rates and in labour productivity (in face of a centralised wage bargaining system). Consistently with theoretical predictions, the evidence shows that training is negatively influenced by unemployment and turnover while labour productivity has a positive effect on it.
Keywords: training; unemployment; Italian labour markets; productivity differentials; turnover (search for similar items in EconPapers)
JEL-codes: J24 J31 J41 (search for similar items in EconPapers)
Date: 2002
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
ftp://ftp.gde.unibocconi.it/gde_articles/2002/GDE_V61_N1_P103-126.pdf (application/pdf)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:gde:journl:gde_v61_n1_p103-126
Ordering information: This journal article can be ordered from
http://www.gde.unibocconi.it
Access Statistics for this article
More articles in Giornale degli Economisti from GDE (Giornale degli Economisti e Annali di Economia), Bocconi University via Sarfatti, 25 - 20136 Milano (Italy).
Bibliographic data for series maintained by Erika Somma ( this e-mail address is bad, please contact ).