DP4241 On-the-Job Training, Firing Costs and Employment
| Author(s): | Pilar Diaz-Vazquez, Dennis J. Snower |
| Publication Date: | February 2004 |
| Keyword(s): | average employment, firing costs, on-the-job training |
| JEL(s): | E24, J23, J24, J32, J64 |
| Programme Areas: | Labour Economics |
| Link to this Page: | cepr.org/active/publications/discussion_papers/dp.php?dpno=4241 |
This Paper explores the influence of on-the-job training on the employment effect of firing costs. It shows that on-the-job training (generating firm specific skills) causes firing costs to have a contractionary influence on average employment (over the booms and recessions of the business cycle).