Worth Waiting For? Delayed Compensation, Training, and Turnover in the United States and Japan
AbstractThis article utilizes a rich data set on workers and their employers in the United States and Japan to test several predictions of human capital theory. The data set incorporates both prospective and retrospective measures of turnover, includes multiple measures of training, and provides a basis for calculating plant-specific returns to tenure. Contrary to human capital theory, there is no evidence that establishments with high levels of training have either high returns to tenure or low levels of turnover. Surprisingly, establishments with high returns to tenure do not have low levels of turnover. Copyright 1993 by University of Chicago Press.
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Bibliographic InfoArticle provided by University of Chicago Press in its journal Journal of Labor Economics.
Volume (Year): 11 (1993)
Issue (Month): 4 (October)
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Web page: http://www.journals.uchicago.edu/JOLE/
Other versions of this item:
- Levine, David I., 1991. "Worth Waiting For? Delayed Compensation, Training and Turnover in the United States and Japan," Institute for Research on Labor and Employment, Working Paper Series qt97m9v25n, Institute of Industrial Relations, UC Berkeley.
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