Worth Waiting For? Delayed Compensation, Training and Turnover in the United States and Japan
AbstractThis paper utilizes a rich data set on workers and their employers in the US 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.
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Bibliographic InfoPaper provided by Institute of Industrial Relations, UC Berkeley in its series Institute for Research on Labor and Employment, Working Paper Series with number qt97m9v25n.
Date of creation: 01 Apr 1991
Date of revision:
Levine; compensation; training; turnover; United States; Japan;
Other versions of this item:
- Levine, David I, 1993. "Worth Waiting For? Delayed Compensation, Training, and Turnover in the United States and Japan," Journal of Labor Economics, University of Chicago Press, vol. 11(4), pages 724-52, October.
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