Title: The impact of training on productivity and wages: firm level evidence
Authors: Konings, Joep
Vanormelingen, Stijn
Issue Date: 2009
Publisher: K.U.Leuven - Licos
Series Title: LICOS - Discussion paper series DP244/2009 pages:1-48
Abstract: This paper uses .rm level panel data of .rm 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.
Publication status: published
KU Leuven publication type: IR
Appears in Collections:LICOS - Centre for Institutions and Economic Performance, Leuven
Faculty of Economics and Business (FEB) - miscellaneous
Research Centre for Globalization, Innovation and Competition, Campus Brussels (-)
Department of ECON-CEDON, Campus Brussels

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