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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Occupation-Specific Human Capital and Local Labor Markets

Occupation-Specific Human Capital and Local Labor Markets

Groen, Jeffrey A.
U. S. Bureau of Labor Statistics

Paperback

General Political Science

ISBN10: 1288632169
ISBN13: 9781288632169
Publisher: Bibliogov
Published: Jan 21 2013
Pages: 50
Weight: 0.24
Height: 0.10 Width: 7.44 Depth: 9.69
Language: English
Most skills acquired through on-the-job training may be specific to an occupation and therefore transferable to some but not all firms. This paper explores the relationship between the size of the local market for an occupation-specific skill and job-training outcomes. The Stevens (1994) model of training predicts that as market size increases, job turnover increases and training becomes more general. I test these predictions using data on blue-collar workers and variation in market size across U.S. metropolitan areas. The empirical results support the theoretical predictions and the impacts are most relevant at low levels of market size.

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