Cost and Productivity Effects of Firm Financed Training

Arbeitspapier

A quality-adjusted specification of labor is suggested which allows firm training to affect labor efficiency. To assess the cost and productivity effects, this specification is integrated into a flexible neoclassical cost function. The empirical analysis uses panel data for eight plants in the Swedish Machine Tool Industry. The econometric results imply a high probability that training expenditures result in net decreases in total costs. Judging from the corresponding point estimates, these cost savings can be very large. The estimates of productivity effects are also positive, albeit rather small.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IUI Working Paper ; No. 455

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Model Construction and Estimation ; Firm Behavior: Theory ; Human Capital; Skills; Occupational Choice; Labor Productivity ; Wage Level and Structure; Wage Differentials
• Thema: ENTERPRISES ; TRAINING ; WORKERS ; PRODUCTIVITY ; Personalentwicklung ; Arbeitsproduktivität ; Produktionskosten ; Werkzeugmaschine ; Theorie ; Schweden

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Kazamaki Ottersten, Eugenia ; Lindh, Thomas ; Mellander, Erik
• Ereignis: Veröffentlichung
• (wer): The Research Institute of Industrial Economics (IUI)
• (wo): Stockholm
• (wann): 1996

Weitere Informationen

• Handle: http://hdl.handle.net/10419/95186
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ