Workplace Training Unpacked: Labor Market Competition and Investment in General Skills

Mattia Albanese and Manfredi Aliberti
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Manfredi Aliberti: Rome Economics Doctorate

No 4ugq5, SocArXiv from Center for Open Science

Abstract: Skills acquired on the job, whether general or industry-specific, significantly influence workers' labor market outcomes. Workers with general skills tend to have higher re-employment prospects and greater resilience to economic shocks. Using novel data from a recent policy intervention in the Italian labor market, we develop a new measure that captures the tasks taught in firm-provided training for individual workers. This measure enables us to examine the relationship between labor market competition and firms' decisions to invest in general versus industry-specific skills. Our findings indicate that, as theory predicts, workers in more competitive labor markets receive less general training.

Date: 2024-10-30
New Economics Papers: this item is included in nep-com, nep-lab and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:4ugq5

DOI: 10.31219/osf.io/4ugq5

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