Competence, knowledge, and the labour market: the role of complementarities
This paper develops a theoretical analysis of training regimes as outcomes of a complementarity between organizational and institutional factors that determine firms and workers incentives as regards skills. Specifically, the paper proposes that, on the one hand, knowledge embeddedness within firms is the determinant of firms preferences concerning training, while, on the other, labor market institutionalization provides the framework for workers preferences. Applying a criterion of coherence between firm and worker incentives, two stable configurations are singled out. The former is shown to correspond to the Japanese model of training, while the latter conforms more to the German experience.
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- Gatti Donatella, 1999. "Equilibrium Unemployment, the Nature of Competence, the Organization of the Firm," Economia politica, Società editrice il Mulino, issue 1, pages 13-34.
- 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.
- Daron Acemoglu & Jorn-Steffen Pischke, 1998. "The Structure of Wages and Investment in General Training," NBER Working Papers 6357, National Bureau of Economic Research, Inc.
- Acemoglu, Daron & Pischke, Jörn-Steffen, 1998. "The Structure of Wages and Investment in General Training," CEPR Discussion Papers 1833, C.E.P.R. Discussion Papers.
- Acemoglu, D. & Pischke, J.S., 1997. "The Structure of Wages and Investment in General Training," Working papers 97-24, Massachusetts Institute of Technology (MIT), Department of Economics.
- Franz, Wolfgang & Soskice, David W., 1994. "The German apprenticeship system," Discussion Papers 11, University of Konstanz, Center for International Labor Economics (CILE).
- Hildegard Brauns & Susanne Steinmann & Annick Kieffer & Catherine Marry, 1997. "Does Education matter? France and Germany in Comparative Perspective," MZES Working Papers 20, MZES.
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