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An Explanation of International Differences in Education and Workplace Training

Author

Listed:
  • Brunello, Giorgio

    (University of Padova)

  • Medio, Alfredo

    (Università Ca’ Foscari di Venezia)

Abstract

We develop a simple search equilibrium model of workplace training and education based on two features. First, investment in education improves job-related learning skills and reduces training costs burdened by firms. Second, firms with vacant skilled job slots can choose between recruitment from the market and training. Compared to Germany and Japan, the US has both a higher inflow rate into unemployment and a higher efficiency of the matching process. While the combined effort of these differences on the share of educated labor is ambiguous, the effect on the percentage of firms undertaking workplace training is to unambiguously reduce it.

Suggested Citation

  • Brunello, Giorgio & Medio, Alfredo, 2000. "An Explanation of International Differences in Education and Workplace Training," IZA Discussion Papers 114, IZA Network @ LISER.
    • Handle: RePEc:iza:izadps:dp114
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    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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