Abstract

http://ssrn.com/abstract=1484506
 
 

References (29)



 
 

Citations (10)



 


 



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


Jozef Konings


Catholic University of Leuven (KUL) - LICOS - Centrum voor Transitie-economie; Centre for Economic Policy Research (CEPR); Institute for the Study of Labor (IZA)

Stijn Vanormelingen


Hogeschool-Universiteit Brussel (HUBrussel); KU Leuven - LICOS - Centrum voor Transitie-economie

September 2009

CEPR Discussion Paper No. DP7473

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.

Number of Pages in PDF File: 49

Keywords: Human Capital, Production Functions, Training

JEL Classification: J24, J31, L22

working papers series


Date posted: October 7, 2009  

Suggested Citation

Konings, Jozef and Vanormelingen, Stijn, The Impact of Training on Productivity and Wages: Firm Level Evidence (September 2009). CEPR Discussion Paper No. DP7473. Available at SSRN: http://ssrn.com/abstract=1484506

Contact Information

Jozef Konings (Contact Author)
Catholic University of Leuven (KUL) - LICOS - Centrum voor Transitie-economie ( email )
Deberiotstraat, 34
Leuven, B-3000
Belgium
+32 16 326 589 (Phone)
+32 16 326 599 (Fax)
Centre for Economic Policy Research (CEPR)
77 Bastwick Street
London, EC1V 3PZ
United Kingdom
Institute for the Study of Labor (IZA)
P.O. Box 7240
Bonn, D-53072
Germany
Stijn Vanormelingen
Hogeschool-Universiteit Brussel (HUBrussel) ( email )
Stormstraat 2
Brussels, 1000
Belgium
KU Leuven - LICOS - Centrum voor Transitie-economie ( email )
Deberiotstraat, 34
Leuven, B-3000
Belgium
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References:  29
Citations:  10

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