Worth Waiting For? Delayed Compensation, Training, and Turnover in the United States and Japan
利用美日工人与雇主的丰富数据，检验人力资本理论关于培训、任期回报与离职关系的预测，发现高培训企业未必有高任期回报或低离职率。
This article utilizes a rich data set on workers and their employers in the United States and Japan to test several predictions of human capital theory. The data set incorporates both prospective and retrospective measures of turnover, includes multiple measures of training, and provides a basis for calculating plant-specific returns to tenure. Contrary to human capital theory, there is no evidence that establishments with high levels of training have either high returns to tenure or low levels of turnover. Surprisingly, establishments with high returns to tenure do not have low levels of turnover. Copyright 1993 by University of Chicago Press.