Another piece of the puzzle: Firms’ investment in training as production of optimal skills inventory

Abstract Background By applying the inventory theory to hiring skilled workers under uncertainty, the authors explain how firms decide on their optimum investment in an “inventory of skills.” This paper investigates the conditions under which firms are willing to make investments in a skilled workfo...

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Bibliographic Details
Main Authors: Harald Pfeifer, Uschi Backes-Gellner
Format: Article
Language:English
Published: SpringerOpen 2018-06-01
Series:Empirical Research in Vocational Education and Training
Subjects:
Online Access:http://link.springer.com/article/10.1186/s40461-018-0067-6