The impact of continuous training on a firm's innovations

Arbeitspapier

Keeping up with rapid technological change necessitates constant innovation. Successful innovation depends on both incumbent workers' knowledge, based on experience, and knowledge about the latest technologies, along with the skills needed to implement them. Both of these knowledge-based elements of innovation can be attained through moderate labor force turnover in combination with continuous training. Based on German micro data, we find empirical evidence in support of training leading to innovation within a multivariate regression framework. However, when instrumenting training by the existence of a union's contract or a works council this impact disappears.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: CESifo Working Paper ; No. 2258

Classification and Topics

• Classification: Wirtschaft ; Human Capital; Skills; Occupational Choice; Labor Productivity ; Production, Pricing, and Market Structure; Size Distribution of Firms ; Innovation and Invention: Processes and Incentives
• Subject: innovation ; training ; unions ; works councils ; Innovation ; Betriebliche Weiterbildung ; Betriebliche Bildungsarbeit ; Mitbestimmung ; Deutschland

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Bauernschuster, Stefan ; Falck, Oliver ; Heblich, Stephan
• Event: Veröffentlichung
• (who): Center for Economic Studies and ifo Institute (CESifo)
• (where): Munich
• (when): 2008

Further information

• Handle: http://hdl.handle.net/10419/26303
• Last update: 10.03.2025, 11:42 AM CET