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  • This paper offers an explanation for why workers in richer countries have faster ratesof wage growth over their lifetimes than workers in poorer countries by providingtheory and evidence on the differences in firm-provided training across countries. Wedocument that the share of workers who receive firm-provided training increases withdevelopment, and that this is a key determinant of worker human capital investments.We then build a general equilibrium search model with firm-training investments andfrictional labor markets. Our model suggests firm-training accounts for a large shareof the cross-country wage growth differences. We find that self-employment is the keyfactor explaining the lack of training in the poorest economies, whereas labor marketfrictions are key to explaining training differences as countries develop. Finally, ourmodel predicts considerable inefficiencies in human capital investments and sizeableaggregate gains from training subsidies to firms, which may be particularly desirablein poor countries where economic environments disincentivize training. (xsd:string)
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  • https://acsweb.ucsd.edu/~anakab/pdfs/training_development_Ma_Nakab_Vidart.pdf. (LFS) (xsd:string)
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  • EU-LFS-Bibliography (xsd:string)
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  • 2020 (xsd:gyear)
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  • 2020 (xsd:gyear)
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  • Human Capital Investment and Development: The Role of On-the-job Training (xsd:string)
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  • European Union Labour Force Survey (EU-LFS) (xsd:string)
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  • 2020 (xsd:string)
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