The Impact of Training on Productivity and Wages:Firm Level Evidence

This paper uses firm level panel data of firm provided training to estimate its impact onproductivity and wages. To this end the strategy proposed by Ackerberg, Caves and Frazer(2006) for estimating production functions to control for the endogeneity of input factors andtraining is applied. The productivity premium for a trained worker is estimated at 23%, whilethe wage premium of training is estimated at 12%. Our results give support to recent theoriesthat explain work related training by imperfect competition in the labor market....

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Year of publication:	2010
Authors:	Konings, Jozef ; Vanormelingen, Stijn
Institutions:	Institut zur Zukunft der Arbeit <Bonn>
Subject:	Humankapital \| Produktivität \| Training \| training

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Extent:	327680 bytes 55 p. application/pdf
Series:	Institut zur Zukunft der Arbeit (IZA) - Discussion Paper IZA Discussion Paper No. 4731
Type of publication:	Book / Working Paper
Language:	English
Classification:	J24 - Human Capital; Skills; Occupational Choice; Labor Productivity ; J31 - Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc ; L22 - Firm Organization and Market Structure: Markets vs. Hierarchies; Vertical Integration ; Management and organisation. Other aspects ; Pay salaries and social benefits ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10009360602