The Impact of Training on Productivity and Wages: Firm Level Evidence

Jozef Konings and ,
Authors registered in the RePEc Author Service: Stijn Vanormelingen

No 7473, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: This paper uses firm level panel data of firm provided training to estimate its impact on productivity and wages. To this end the strategy proposed by Ackerberg, Caves and Frazer (2006) for estimating production functions to control for the endogeneity of input factors and training is applied. The productivity premium for a trained worker is estimated at 23%, while the wage premium of training is estimated at 12%. Our results give support to recent theories that explain work related training by imperfect competition in the labor market.

Keywords: Production functions; Human capital; Training (search for similar items in EconPapers)
JEL-codes: J24 J31 L22 (search for similar items in EconPapers)
Date: 2009-09
New Economics Papers: this item is included in nep-eff, nep-hrm and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (30)

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Related works:
Journal Article: The Impact of Training on Productivity and Wages: Firm-Level Evidence (2015)
Working Paper: The Impact of Training on Productivity and Wages: Firm Level Evidence (2010)
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