 Productivity, Wages, and the Returns to Firm-Provided Training: Fair Share Capitalism?Ana Lopes and Paulino Teixeira No 2010-05, GEMF Working Papers from GEMF, Faculty of Economics, University of Coimbra Abstract: In this study, we develop an alternative modelling that examines a) the determinants of firm productivity and wages and b) the internal rate of return (IRR) to firm training for both firms and workers. Using a six-year linked employer-employee dataset, our estimates indicate that an additional hour of training per worker results in an increase of 0.12% in productivity and 0.04% in wages, or an increase of 0.16% and 0.08%, respectively, if one uses firm training as a stock variable. We then find that 82% of the gains in productivity are captured by firms and 18% by workers. Given the training costs, we finally obtain an IRR of 13% for firms and 33% for workers at sample means. Firms are heterogeneous, and we do find that dispersion in the rates of return across firms is high. Keywords: Firm-Provided Training; Internal Rate of Return; Human Capital; Productivity; Wages. (search for similar items in EconPapers) Published in International Journal of Manpower 34(7): 776-793, 2013. There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:gmf:wpaper:2010-05 Access Statistics for this paper More papers in GEMF Working Papers from GEMF, Faculty of Economics, University of Coimbra Contact information at EDIRC. |
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