The Impact of Training on Productivity and Wages: Firm Level Evidence

Jozef Konings and Stijn Vanormelingen

LICOS Discussion Papers from LICOS - Centre for Institutions and Economic Performance, KU Leuven

Abstract: This paper uses ?rm level panel data of ?rm 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.

Keywords: Training; production functions; human capital (search for similar items in EconPapers)
JEL-codes: J24 J31 L22 (search for similar items in EconPapers)
Date: 2009
New Economics Papers: this item is included in nep-eff, nep-hrm and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)

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http://www.econ.kuleuven.be/licos/publications/dp/dp244.pdf

Related works:
Journal Article: The Impact of Training on Productivity and Wages: Firm-Level Evidence (2015)
Working Paper: The Impact of Training on Productivity and Wages: Firm Level Evidence (2010)
Working Paper: The Impact of Training on Productivity and Wages: Firm Level Evidence (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:lic:licosd:24409

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