TY  - RPRT
        AU  - Diaz-Vazquez, Pilar
AU  - Snower, Dennis J.
        TI  - On-the-Job Training and the Effects of Insider Power
        PY  - 2002/Sep/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 586
        UR  - https://www.iza.org/publications/dp586
        AB  - Suppose insiders use their market power to push up their wages, while entrants receive their
reservation wages. How will employment and productivity be affected? In addressing this
question, we focus on the role of on-the-job training. We show that on-the-job training makes
insider wage hikes less detrimental to average employment (over booms and recessions),
and may even cause employment to be stimulated. Furthermore, such training can make
insider wage hikes more detrimental to average productivity.
        KW  - insider power
KW  - employment
KW  - on-the-job training
KW  - productivity
        ER  -