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Why are wage profiles so flat during the first year on a job?
John Bishop,Suk Kang
Snippet view - 1989
1.4 percent 2000 employees access to capital after-tax American training mandate apprenticeship apprenticeship systems artistic contributions Austria COMSAT continuing training costs of training Department of Labor develop a training dollar education and training eligible training expenditures employer provided training employer training expenditures reported external training financial assets firm's Firms are required formal training programs FORTRAN French Human Resource Studies increase individuals industry informal training interest rates investments in OJT job rotation kind of training learning LIQUIDITY CONSTRAINTS loans MANDATE TO SPEND marginal tax rate occupational training on-the-job training pay a tax percent tax poor training problem promote public subsidy real externalities receive formal reduced reputation required to spend share skilled job skilled workers spend at least supervisors Switzerland trainee's training funds training investments Training produces Training received turnover types of training UNDERINVESTMENT IN EMPLOYER unskilled vocational-technical institutes wage bill Yearly retention rates YORK STATE SCHOOL young workers