The impact of training on productivity and wages: firm level evidence
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Date
2009-09
Authors
Konings, Jozef
Vanormelingen, Stijn
Journal Title
Journal ISSN
Volume Title
Publisher
Centre for Economic Policy Research
Abstract
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.
Description
Keywords
human capital, production functions and training, Research Subject Categories::SOCIAL SCIENCES::Business and economics
Citation
Konings Jozef, Vanormelingen Stijn, 2009, Centre for Economic Policy Research; The impact of training on productivity and wages: firm level evidence. http://nur.nu.edu.kz/handle/123456789/1905