Men at Work in a Land Down-under

Alison Lee Booth () and Pamela Katic

No 586, CEPR Discussion Papers from Centre for Economic Policy Research, Research School of Social Sciences, Australian National University

Abstract: We use new training data from waves 3-6 of the Household, Income and Labour Dynamics in Australia Survey to investigate the training and wages of full-time men. We explore the extent to which the data are consistent with the predictions of human capital theory or with recent alternative theories based on imperfectly competitive labour markets. According to the raw data, most work-related training received by full-time private sector men is general but it is also paid for by employers. Our fixed effects estimates reveal that this training is associated with higher wages in current and in future firms, and that the effect in future firms is larger and more precisely determined. These results are more consistent with the predictions of human capital theory based on imperfectly competitive labour markets than with the alternative of perfect competition.

Keywords: work-related training; full-time men; training costs; general human capital; turnover (search for similar items in EconPapers)
JEL-codes: J24 J30 J31 J63 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-hrm and nep-lab
Date: 2008-08
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Persistent link: http://EconPapers.repec.org/RePEc:auu:dpaper:586

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