Acemoglu, Daron. <br/><br/>
Beyond Becker:  Training in Imperfect Labor Markets / 
Daron Acemoglu, Jorn-Steffen Pischke. 
 - Cambridge, Mass.  National Bureau of Economic Research  1998. 
 - 1 online resource:  illustrations (black and white); 
 - NBER working paper series  no. w6740 .
 - Working Paper Series (National Bureau of Economic Research)  no. w6740. .
<br/><br/> September 1998. 
<br/><br/> 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. 
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