The return to firm investments in human capital

Rita Almeida () and Pedro Carneiro

Labour Economics, 2009, vol. 16, issue 1, 97-106

Abstract: In this paper we estimate the rate of return to firm investments in human capital in the form of formal job training. We use a panel of large firms with detailed information on the duration of training, the direct costs of training, and several firm characteristics. Our estimates of the return to training are substantial (8.6%) for those providing training. Results suggest that formal job training is a good investment for these firms possibly yielding comparable returns to either investments in physical capital or investments in schooling.

Keywords: On-the-job; training; Panel; data; Production; function; Rate; of; return (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (51)

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Related works:
Working Paper: The Return to the Firm Investment in Human Capital (2006)
Working Paper: The return to firm investment in human capital (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:labeco:v:16:y:2009:i:1:p:97-106

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