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Экономика труда изучает трудовые отношения, условия формирования и использования трудового потенциала (подробнее...)

Review of Economic Studies

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Опубликовано на портале: 12-07-2007
Daron K. Acemoglu Review of Economic Studies. 1997.  Vol. 64. No. 3. P. 445-464. 
This paper shows that in a frictional labor market part of the productivity gains from general training will be captured by future employers. As a result, investments in general skills will be suboptimally low, and contrary to the standard theory, part of the costs may be borne by the employers. The paper also demonstrates that the interaction between innovation and training leads to an amplification of this inefficiency and to a multiplicity of equilibria. Workers are more willing to invest in their skills by accepting lower wages today if they expect more firms to innovate and pay them higher wages in the future. Similarly, firms are more willing to innovate when they expect the quality of the future workforce to be higher, thus when workers invest more in their skills.
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