TY - JOUR AU - AL Booth, G Zoega AB - A recent finding in the training literature is that there will be under-investment in skills if there is a positive quit rate, training is at least partially transferable, and there is imperfect competition in the labour market. We explore the conditions under which this under-investment result might be reversed. In economies characterised by uncertainty about future productivity, we show that a higher quit rate may increase the number of workers trained, by making firms wait less for information about future productivity before training new workers. At low quit rates, this offsets all of the under-investment effect. Oxford University Press « Previous | Next Article » Table of Contents This Article Oxf. Econ. Pap. (1999) 51 (2): 374-386. doi: 10.1093/oep/51.2.374 » Abstract Free Full Text (PDF) Free Classifications Article Services Article metrics Alert me when cited Alert me if corrected Find similar articles Similar articles in Web of Science Add to my archive Download citation Request Permissions Citing Articles Load citing article information Citing articles via CrossRef Citing articles via Scopus Citing articles via Web of Science Citing articles via Google Scholar Google Scholar Articles by Booth, A. Articles by Zoega, G. Search for related content Related Content J24 - Human Capital; Skills; Occupational Choice; Labor Productivity Load related web page information Share Email this article CiteULike Delicious Facebook Google+ Mendeley Twitter What's this? 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