Uschi Backes-Gellner () (Institute for Strategy and Business Economics, University of Zurich) Johannes Mure () (Institute for Strategy and Business Economics, University of Zurich)
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In a recent paper Ed Lazear (2004) proposed the so called skill-weights view of firm-specific human capital. According to his theory all single skills are general but each firm may require a different combination of these single skills. The purpose of our paper is to test Lazear`s model using a large and very detailed data set, the BIBB/IAB Qualification and Career Survey. The paper focuses on firms` investments in human capital, which according to the skill-weights approach should depend on the specificity of the firm’s skill combination, on the breadth of the skill bundle, on the thickness of the external labor market and on the probability of separation. We estimate OLS regressions and poisson regression for count data. We find that all implications are borne out in the data.
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Paper provided by University of Zurich, Institute for Strategy and Business Economics (ISU) in its series Working Papers with number
0056.
Find related papers by JEL classification: M5 - Business Administration and Business Economics; Marketing; Accounting - - Personnel Economics M12 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - Personnel Management; Executive Compensation M53 - Business Administration and Business Economics; Marketing; Accounting - - Personnel Economics - - - Training
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