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|Title: ||A Theory of Firm-Specific Training in Labor Markets|
|Authors: ||SUGIURA, Hiroaki|
|Issue Date: ||30-Sep-2002|
|Citation: ||経済科学. v.50, n.2, 2002, p.137-153|
|Abstract: ||This paper reinterprets firm-specific training and examines the firm’s optimal training policy. The notable feature of our model is that the extent of usefulness of skills is determined by the relationship between firms. That is, the worker’s productivity depends not only on how the current firm requires specific skills but also on how the other does. Specificity matching between two firms plays an important role in the determination of productivity. We analyzed what conditions are necessary for the firms that require firm-specific skills to exist in a competitive market. In our model, worker’s risk aversion is shown to be essential for the existence of these firms.|
|Appears in Collections:||経済科学 (The Economic Science)|
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