Transitions in Work and Learning Implications for Assessment (1997) / Chapter Skim
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Pages 10-12
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From page 10... ...
But a firm's willingness to make these investments might be limited by a variety of market imperfections, such as wage rigidities, financial constraints, and short-term planning horizons.8 Furthermore, the provision of training might actually cause employers to raise, rather than lower, their ex ante skill requirements if they view certain personal skills as being complements to, rather than substitutes for, the ones they hope to provide through training. (See, e.g., Lynch, 1992, and Cappelli, 1996, for some mixed evidence on this issue.)
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From page 11... ...
, are sometimes used as well. An applicant's personal characteristics or test results are used as signals or predictors of future productivity on the job, rather than considered to be indicators per se of the skills required for job performance.
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From page 12... ...
The falling employment rates for young and less educated black males have also 1 1These microlevel mismatches because of poor information could also result in higher vacancy rates in skilled job categories or high turnover rates, where the latter occur as employers (or employees) realize they made "errors" in the hiring process.
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