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.

Sprache
Englisch

Erschienen in
Series: IZA Discussion Papers ; No. 6118

Klassifikation
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
Thema
profit sharing
training
matching
Erfolgsbeteiligung
Weiterbildung
Bildungsverhalten
Bildungsertrag
Schätzung
Deutschland

Ereignis
Geistige Schöpfung
(wer)
Kraft, Kornelius
Lang, Julia
Ereignis
Veröffentlichung
(wer)
Institute for the Study of Labor (IZA)
(wo)
Bonn
(wann)
2011

Handle
URN
urn:nbn:de:101:1-201111303503
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Kraft, Kornelius
  • Lang, Julia
  • Institute for the Study of Labor (IZA)

Entstanden

  • 2011

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