Training and innovation
Oliver Falck () and
Stephan Heblich ()
Munich Reprints in Economics from University of Munich, Department of Economics
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.
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Published in Journal of Human Capital 4 3(2009): pp. 323-353
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Journal Article: Training and Innovation (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:lmu:muenar:20136
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