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Does Poaching Distort Training?

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  • Espen R. Moen
  • �sa Rosén
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    Abstract

    We analyse the efficiency of the labour market outcome in a competitive search equilibrium model with endogenous turnover and endogenous general human capital formation. We show that search frictions do not distort training decisions if firms and their employees are able to coordinate efficiently, for instance, by using long-term contracts. In the absence of efficient coordination devices there is too much turnover and too little investment in general training. Nonetheless, the number of training firms and the amount of training provided are constrained optimal, and training subsidies therefore reduce welfare. Copyright 2004, Wiley-Blackwell.

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    Bibliographic Info

    Article provided by Oxford University Press in its journal The Review of Economic Studies.

    Volume (Year): 71 (2004)
    Issue (Month): 4 ()
    Pages: 1143-1162

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    Handle: RePEc:oup:restud:v:71:y:2004:i:4:p:1143-1162

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    Cited by:
    1. Chao Fu, 2011. "Training, Search and Wage Dispersion," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 14(4), pages 650-666, October.
    2. Jens Mohrenweiser & Thomas Zwick & Uschi Backes-Gellner, 2010. "Poaching And Firm Sponsored Training: First Clean Evidence," Economics of Education Working Paper Series, University of Zurich, Institute for Strategy and Business Economics (ISU) 0051, University of Zurich, Institute for Strategy and Business Economics (ISU), revised May 2013.
    3. Ettore Damiano & Hao Li & Wing Suen, 2006. "Competing for Talents," Departmental Working Papers, Chinese University of Hong Kong, Department of Economics _177, Chinese University of Hong Kong, Department of Economics.
    4. Frederic Gavrel, 2014. "Participation, Recruitment Selection, and the Minimum Wage," Working Papers, HAL halshs-00972289, HAL.
    5. Petra Marotzke, 2014. "Job Search and the Age-Inequality Profile," Working Paper Series of the Department of Economics, University of Konstanz, Department of Economics, University of Konstanz 2014-06, Department of Economics, University of Konstanz.
    6. Anurag Banerjee & Parantap Basu, . " Who pays for job training?," CDMA Conference Paper Series, Centre for Dynamic Macroeconomic Analysis 0802, Centre for Dynamic Macroeconomic Analysis.
    7. Espen Moen & Anna Godøy, 2013. "Mixed search," 2013 Meeting Papers, Society for Economic Dynamics 857, Society for Economic Dynamics.
    8. Espen Moen, 2012. "Knowledge spillovers in competitive search equilibrium," 2012 Meeting Papers, Society for Economic Dynamics 913, Society for Economic Dynamics.
    9. Fei Li, 2013. "Efficient Learning and Job Turnover in the Labor Market," PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania 13-023, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    10. repec:dgr:uvatin:2005070 is not listed on IDEAS
    11. Muehlemann, Samuel & Wolter, Stefan C., 2011. "Firm-sponsored training and poaching externalities in regional labor markets," Regional Science and Urban Economics, Elsevier, Elsevier, vol. 41(6), pages 560-570.
    12. Gavrel, Frédéric & Lebon, Isabelle & Rebière, Thérèse, 2012. "Minimum wage, on-the-job search and employment: On the sectoral and aggregate equilibrium effect of the mandatory minimum wage," Economic Modelling, Elsevier, Elsevier, vol. 29(3), pages 691-699.
    13. Espen R. Moen & Asa Rosen, 2007. "Incentives in competitive search equilibrium," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library 19663, London School of Economics and Political Science, LSE Library.

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