This paper reviews the literature on job-related training and the effects of these investments for different groups of individuals. The paper also elaborates on the theories, empirical explanations, and policy implications that can be drawn from these findings. Employer-provided training is by...

Firms' investments in training their employees constitute a substantial part of the overall investments for an average firm. Despite difficulties in accessing company-based data on training, recent research has shown that these investments generate considerable gains for firms in terms of...

This study uses an international dataset (26 countries) in examining the questions of what determines employee training from an organisational perspective and to what extent training investments contribute to company performance. The results indicate that the provision of company training is...

This study examines the predictions of human capital theory in relation to on-the-job training. The analysis is based on a unique dataset from a consulting establishment and includes direct measures of profitability, training, and each employee's acquired human capital stock. Consistent with...

This study, using a direct measure of the wage growth rate within firms, examines the value premium in relation to human capital. The results suggest that the dispersion in wage growth in value and growth stocks explains a large portion of the differences in stock returns. It appears that value...

Human capital – the productive capacity that is embedded in people – is one of the most important contributors to the growth in nations’ output and standard of living. Globalisation and technological change have increased the importance of human capital in recent years, to the point that...