Template-type: ReDif-Paper 1.0
Author-Name: Smits Wendy
Author-workplace-name: ROA rm
Title: Imperfect Information and Training Quality
Abstract: This paper develops a theoretical model in which the level of training provided by a firm is not observed by workers. It is therefore not possible to have training wages completely contingent upon the level of training provided. Training wages will be too high. This, in turn, prevents firms from recouping the full benefits from training and leads to underinvestment. The more general the training is, the more severe this underinvestment problem. 
Keywords: education, training and the labour market; 
Series: Research Memoranda
Creation-Date: 2003
Number: 002
File-URL: http://digitalarchive.maastrichtuniversity.nl/fedora/objects/guid:2c3c433a-9a17-4b85-b236-20d9201cdd93/datastreams/ASSET1/content
File-Format: application/pdf
File-Size: 1289010
Handle: RePEc:unm:umaror:2003006