TY  - JOUR
AU  - Acemoglu,Daron
AU  - Pischke,Jorn-Steffen
TI  - Beyond Becker:  Training in Imperfect Labor Markets
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 6740
PY  - 1998
Y2  - September 1998
UR  - http://www.nber.org/papers/w6740
L1  - http://www.nber.org/papers/w6740.pdf
N1  - Author contact info:
Daron Acemoglu
Department of Economics
MIT, E52-380B
50 Memorial Drive
Cambridge, MA  02142-1347
Tel: 617/253-1927
Fax: 617/253-1330
E-Mail: daron@mit.edu

Jorn-Steffen Pischke
CEP
London School of Economics
Houghton Street
London WC2A 2AE
UNITED KINGDOM
Tel: 44-20-7955-6509
Fax: 44-20-7955-7595
E-Mail: s.pischke@lse.ac.uk
AB  - In this paper, we survey non-competitive theories of training. With competitive labor markets, firms never pay for investments in general training, whereas when labor markets are imperfect, firm-sponsored training arises as an equilibrium phenomenon.  We discuss a variety of evidence which support the predictions of non-competitive theories, and we draw some tentative policy conclusions from these models.
ER  -