The Effects of General and Firm-Spesific Training on Wages and Performance: Evidence from Banking

Derek Jones and Kalmi, Panu -Kauhanen

No 1184, Discussion Papers from The Research Institute of the Finnish Economy

Abstract: ABSTRACT : By using new panel data for Finnish banks we study the impact of training on wages and performance. To the best of our knowledge, ours is the first paper to compare explicitly the effects of general and firmspecific workplace training on outcomes for both employees and firms. Unlike much existing literature, we find stronger evidence that training improves worker outcomes rather than organizational performance. Depending upon specification, the estimated wage elasticity with respect to training is in the range of 3-7%, whereas the performance effects vary widely depending on the measures of training intensity. The other key finding is that general training is associated with higher wage and performance effects than is firm-specific training. YLEISEN JA YRITYSKOHTAISEN KOULUTUKSEN VAIKUTUKSET PALKKOIHIN JA MENESTYMISEEN : Näyttöä pankkitoimialalta

JEL-codes: M53 J24 G21 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ban, nep-bec, nep-eff and nep-lab
Date: 2009-04-22
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Persistent link: http://EconPapers.repec.org/RePEc:rif:dpaper:1184

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