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Cited by 1,046

The DOI matches its Crossref record; 29 of the 29 references it cites were found in a registry or an index.

The Structure of Wages and Investment in General Training

Acemoglu, Daron, Pischke, Jörn‐Steffen·1999·Journal of Political Economy
DOI 10.1086/250071
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Abstract

In the human capital model with perfect labor markets, firms never invest in general skills and all cost of general training are borne by workers. When lobor market frictions compress the structure of wages, firms may pay for these investments. The distortion in the wage structure turns “technologically” general skills into de facto “specific ” skills. Credit market imperfections are neither neccessary nor sufficient for firm‐sponsored training. Since labor market frictions and insititutions shape the wage structure, they may have an important impact on the financing and amount of human capital investments and account for some international differences in training practices.

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Metadata

Authors
Acemoglu, D., & Pischke, J.
Venue
Journal of Political Economy
Publisher
University of Chicago Press
Published
1999-06
Volume
107
Issue
3
Pages
539-572
ISSN
  • 0022-3808 (ISSN-L)
  • 1537-534X
DOI
10.1086/250071
OpenAlex
W3021641065
Cited by
1,046
References
29
FWCI
56.66
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: The Structure of Wages and Investment in General Training. https://app.cochat.ai/papers/10.1086/250071
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Acemoglu, D., & Pischke, J. (1999). The Structure of Wages and Investment in General Training. Journal of Political Economy. https://doi.org/10.1086/250071

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.