@TechReport{iza:izadps:dp2932,
            	author={Gielen, Anne C.},
            	title={Performance Pay, Training and Labor Mobility},
            	year={2007},
	month={Jul},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={2932},
            	url={https://www.iza.org/publications/dp2932},
	abstract={Market imperfections may cause firms and workers to under-invest in specific training. This paper shows that profit sharing may be a suitable instrument to enhance specific training investments, either by enhancing wage flexibility or by increasing the returns to training. As a result, profit sharing not only increases productivity by means of an effort effect, but also by increased training investments. Furthermore, the results suggest that older workers' employability can be improved if a profit-related remuneration is paid.},
	keywords={profit-related pay;training;labor productivity;labor mobility},
            }