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

Arbeitspapier

This paper uses firm level panel data of firm provided training to estimate its impact on productivity 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 and training is applied. The productivity premium for a trained worker is estimated at 23%, while the wage premium of training is estimated at 12%. Our results give support to recent theories that explain work related training by imperfect competition in the labor market.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: LICOS Discussion Paper ; No. 244

Classification and Topics

• Classification: Wirtschaft ; Human Capital; Skills; Occupational Choice; Labor Productivity ; Wage Level and Structure; Wage Differentials ; Firm Organization and Market Structure
• Subject: Training ; production functions ; human capital ; Betriebliches Bildungsmanagement ; Arbeitsproduktivität ; Lohnniveau ; Arbeitsmarkt ; Monopson ; Lohnverhandlungen ; Belgien

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Konings, Jozef ; Vanormelingen, Stijn
• Event: Veröffentlichung
• (who): Katholieke Universiteit Leuven, LICOS Centre for Institutions and Economic Performance
• (where): Leuven
• (when): 2009

Further information

• Handle: http://hdl.handle.net/10419/74831
• Last update: 10.03.2025, 11:45 AM CET