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.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: LICOS Discussion Paper ; No. 244

Klassifikation und Themen

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

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Konings, Jozef ; Vanormelingen, Stijn
• Ereignis: Veröffentlichung
• (wer): Katholieke Universiteit Leuven, LICOS Centre for Institutions and Economic Performance
• (wo): Leuven
• (wann): 2009

Weitere Informationen

• Handle: http://hdl.handle.net/10419/74831
• Letzte Aktualisierung: 10.03.2025, 11:45 MEZ