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The Impact of Training on Productivity and Wages: Firm Level EvidenceJozef KoningsCatholic University of Leuven (KUL) - LICOS - Centrum voor Transitie-economie; Centre for Economic Policy Research (CEPR); Institute for the Study of Labor (IZA) Stijn VanormelingenHogeschool-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 seriesDate posted: October 7, 2009Suggested CitationContact Information
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