The Impact of Continuous Training on a Firm’s Innovations

Stefan Bauernschuster, Oliver Falck and Stephan Heblich

No 2258, CESifo Working Paper Series from CESifo

Abstract: Keeping up with rapid technological change necessitates constant innovation. Successful innovation depends on both incumbent workers’ knowledge, based on experience, and knowledge about the latest technologies, along with the skills needed to implement them. Both of these knowledge-based elements of innovation can be attained through moderate labor force turnover in combination with continuous training. Based on German micro data, we find empirical evidence in support of training leading to innovation within a multivariate regression framework. However, when instrumenting training by the existence of a union’s contract or a works council this impact disappears.

Keywords: innovation; training; unions; works councils (search for similar items in EconPapers)
JEL-codes: J24 L11 O31 (search for similar items in EconPapers)
Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Working Paper: The Impact of Continuous Training on a Firm's Innovations (2008)
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