The Impact of Continuous Training on a Firm's Innovations
Oliver Falck () and
Stephan Heblich ()
No 24, Economics of Education Working Paper Series from University of Zurich, Department of Business Administration (IBW)
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)
Pages: 32 pages
New Economics Papers: this item is included in nep-hrm, nep-ino, nep-knm, nep-lab and nep-mic
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Persistent link: https://EconPapers.repec.org/RePEc:iso:educat:0024
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