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| Author: | Fella, G. |
| Title: | Termination restrictions and investment in general training |
| Journal: | European Economic Review
2005 : AUG, VOL. 49:6, p. 1479-1499 |
| Index terms: | labour markets training workers companies models |
| Language: | eng |
| Abstract: | Conditional separation payments efficiently increase firms' investment in general training (here as: tr-ing.) if the latter is not directly contractible. Since tr-ing. is vested in the worker on separation, a firm's return to tr-ing. is zero when a match ends or, more generally, when the firm's outside return is binding. |
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