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Occupation Specific or Generic Skills? Conflicting Interests of Firms and Apprentices

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Author Info
Smits,W (ROA rm)

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Abstract

Firms and apprentices have conflicting interests with respect to the content of training programmes. On the basis of a model for the investment decision in occupation-specific and generic training, I will show that, in the case of imperfect competition, firms are not only unwilling to pay for generic training, they also want this component to be as low as possible because it decreases their expected returns to occupation-specific training. Therefore the generic component of the training will be below the social optimum. This underinvestment problem cannot always be solved by having the generic component fixed at the social optimum by an external training body. Fixing the generic component may negatively affect the level of occupation-specific training and decrease social welfare.

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Paper provided by Maastricht : ROA, Research Centre for Education and the Labour Market in its series Research Memoranda with number 001.

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Date of creation: 2002
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Handle: RePEc:dgr:umaror:2002001

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Keywords: education; training and the labour market;

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  1. Loewenstein, Mark A & Spletzer, James R, 1998. "Dividing the Costs and Returns to General Training," Journal of Labor Economics, University of Chicago Press, vol. 16(1), pages 142-71, January. [Downloadable!] (restricted)
  2. Stevens, Margaret, 1994. "A Theoretical Model of On-the-Job Training with Imperfect Competition," Oxford Economic Papers, Oxford University Press, vol. 46(4), pages 537-62, October. [Downloadable!] (restricted)
  3. David Soskice, 1994. "Reconciling Markets and Institutions: The German Apprenticeship System," NBER Chapters, in: Training and the Private Sector, pages 25-60 National Bureau of Economic Research, Inc. [Downloadable!]
  4. Black, Dan A. & Loewenstein, Mark A., 1997. "Dismissals and match-specific rents," Labour Economics, Elsevier, vol. 4(4), pages 325-340, December. [Downloadable!] (restricted)
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  5. Askildsen, Jan Erik & Ireland, Norman J, 1993. "Human Capital, Property Rights, and Labour Managed Firms," Oxford Economic Papers, Oxford University Press, vol. 45(2), pages 229-42, April. [Downloadable!] (restricted)
  6. Gary S. Becker, 1962. "Investment in Human Capital: A Theoretical Analysis," Journal of Political Economy, University of Chicago Press, vol. 70, pages 9. [Downloadable!] (restricted)
  7. Nicholas Oulton & Hilary Steedman, 1994. "The British System of Youth Training: A Comparison with Germany," NBER Chapters, in: Training and the Private Sector, pages 61-76 National Bureau of Economic Research, Inc. [Downloadable!]
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  8. Steedman, Hilary, 1993. "The Economics of Youth Training in Germany," Economic Journal, Royal Economic Society, vol. 103(420), pages 1279-91, September. [Downloadable!] (restricted)
  9. Daron Acemoglu & Jorn-Steffen Pischke, 1999. "The Structure of Wages and Investment in General Training," Journal of Political Economy, University of Chicago Press, vol. 107(3), pages 539-572, June. [Downloadable!] (restricted)
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