Firm-specific training

Leonardo Felli and Christopher Harris

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: This paper introduces two complementary models of firm-specific training: an informational model and a productivity-enhancement model. In both models, market provision of firm-specific training is inefficient. However, the nature of the inefficiency depends on the balance between the two key components of training, namely productivity enhancement and employee evaluation. In the informal model, training results in a proportionate increase in productivity enhancement and employee evaluation, and training is underprovided by the market. In the productivityenhancement model, training results in an increase in productivity enhancement but no change in employee evaluation, and training is overprovided by the market. In both models, turnover is inefficiently low.

Keywords: Firm-specific training; productivity enhancement; employee evaluation; firm-specific human capital. (search for similar items in EconPapers)
JEL-codes: C78 D83 J41 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2006-04
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://eprints.lse.ac.uk/3571/ Open access version. (application/pdf)

Related works:
Journal Article: Firm-specific training (2018)
Working Paper: Firm-Specific Training (2018)
Working Paper: Firm-specific training (2018)
Working Paper: Firm-Specific Training (2005)
Working Paper: Firm-Specific Training (2004)
Working Paper: Firm-Specific Training (2004)
Working Paper: Firm-Specific Training (2004)
Working Paper: Firm-Specific Training (2004)
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:ehl:lserod:3571

Access Statistics for this paper

More papers in LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library LSE Library Portugal Street London, WC2A 2HD, U.K.. Contact information at EDIRC.
Bibliographic data for series maintained by LSERO Manager ().