Training and Innovation
Oliver Falck () and
Stephan Heblich ()
Journal of Human Capital, 2009, vol. 3, issue 4, 323-353
Research analyzing the importance of human capital for innovation usually focuses on secondary and tertiary education. This paper takes a different perspective by focusing on in-firm training. We argue that continuous training guarantees access to leading-edge knowledge and thus increases a firm's propensity to innovate. Using German establishment-level data, we show a strong association between lagged continuous training and innovation. Applying instrumental variable methods, we cautiously argue that the association between training and innovation is indeed a causal effect. In the quest for a relevant and valid instrument, we exploit legal regulations of the German Works Constitution Act. (c) 2009 by The University of Chicago. All rights reserved.
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Persistent link: https://EconPapers.repec.org/RePEc:ucp:jhucap:v:3:y:2009:i:4:p:323-353
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