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On-the-job Training and Labor Market Competition

Author

Listed:
  • Adams, Abigail
  • Le Barbanchon, Thomas
  • Marcato, Alberto

Abstract

In this paper, we provide new stylized facts on U.S. firm provision of on-the-job training. We take a supervised machine-learning approach to measure training from job vacancy text. Around 26% of job posts offer training. Using an IV strategy, we find that competition reduces training offers. Decreasing labor concentration by one standard deviation decreases training by 5 to 10%. This suggests that direct positive competition effects through workers’ benefits are outweighed by negative effects on firms’ investment in workers human capital due to higher turnover. Indeed, industries where competition increases turnover more have also larger training reduction due to competition.

Suggested Citation

  • Adams, Abigail & Le Barbanchon, Thomas & Marcato, Alberto, 2026. "On-the-job Training and Labor Market Competition," CEPR Discussion Papers 22075, Centre for Economic Policy Research.
    • Handle: RePEc:cpr:ceprdp:22075
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    File URL: https://cepr.org/publications/DP22075
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    Keywords

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    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J42 - Labor and Demographic Economics - - Particular Labor Markets - - - Monopsony; Segmented Labor Markets
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
    • M53 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Training

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