Arbeitspapier
Profit sharing and training
We analyze the impact of profit sharing on the share of workers receiving training. An effect is plausible because: 1) profit sharing is a credible commitment by firms to reward firm-specific skills acquired by formal or informal training, 2) profit sharing may reduce turnover and increase the returns to training, 3) a common payment for the whole workforce leads to peer group pressure to participate in training courses and raises incentives to help co-workers. In order to eliminate possible selectivity effects, we combine a matching approach with difference-in-differences. We identify the proportion of employees participating in profits and differentiate profit sharing according to the percentage of the workers covered by such remuneration schemes. Using German establishment data we find that profit sharing only has a significant effect on training intensity if the majority of the workforce benefits from it.
- Language
-
Englisch
- Bibliographic citation
-
Series: IZA Discussion Papers ; No. 6118
- Classification
-
Wirtschaft
Semiparametric and Nonparametric Methods: General
Compensation Packages; Payment Methods
Personnel Economics: Compensation and Compensation Methods and Their Effects
Human Capital; Skills; Occupational Choice; Labor Productivity
- Subject
-
profit sharing
training
matching
Erfolgsbeteiligung
Weiterbildung
Bildungsverhalten
Bildungsertrag
Schätzung
Deutschland
- Event
-
Geistige Schöpfung
- (who)
-
Kraft, Kornelius
Lang, Julia
- Event
-
Veröffentlichung
- (who)
-
Institute for the Study of Labor (IZA)
- (where)
-
Bonn
- (when)
-
2011
- Handle
- URN
-
urn:nbn:de:101:1-201111303503
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Kraft, Kornelius
- Lang, Julia
- Institute for the Study of Labor (IZA)
Time of origin
- 2011
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