Publication
19 Jul 2007
This paper analyzes the interaction among important institutional variables in the labor market, such as firing costs, minimum wages and unemployment benefits, in determining firm-provided training. The authors find that the institutional interactions - specifically, their degree of complementarity and substitutability - depends on the abilities of employees. On this account, the authors conclude that the institutional interactions influence skills inequality.
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English (PDF, 24 pages, 276 KB) |
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Author | Wolfgang Lechthaler, Dennis J Snower |
Series | Kiel Institute Working Papers |
Issue | 1372 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2007 Kiel Institute for the World Economy |