@techreport{4e54354bd7d34f97a6185d97a8a42395,
title = "Performance Pay, Training and Labor Mobility",
abstract = "Market imperfections may cause firms and workers to under-invest in specific training. This paper shows that profit sharing may be a suitable instrument to enhance specific training investments, either by enhancing wage °exibility or by increasing the returns to training. As a result, profit sharing not only increases productivity by means of an effort effect, but also by increased training investments. Furthermore, the results suggest that older workers' employability can be improved if a profit-related remuneration is paid.",
keywords = "profit-related pay, training, labor productivity, labor mobility",
author = "Gielen, {A. C.}",
note = "Subsequently published in the British Journal of Industrial Relations (2011) Pagination: 28",
year = "2007",
language = "English",
volume = "2007-48",
series = "CentER Discussion Paper",
publisher = "Macroeconomics",
type = "WorkingPaper",
institution = "Macroeconomics",
}