Abstract

http://ssrn.com/abstract=1622183
 
 

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Market Imperfections and Firm-Sponsored Training


Matteo Picchio


Department of Economic and Social Science, Marche Polytechnic University; SHERPPA - Ghent University; Tilburg University - Center for Economic Research (CentER); Institute for the Study of Labor (IZA); Catholic University of Louvain (UCL) - School of Economic and Social Research (IRES)

Jan C. Van Ours


Tilburg University - Department of Economics; University of Melbourne - Department of Economics

June 2, 2010

CentER Discussion Paper Series No. 2010-57

Abstract:     
Recent human capital theories predict that labor market frictions and product market competition influence firm-sponsored training. Using matched worker-firm data from Dutch manufacturing, our paper empirically assesses the validity of these predictions. We find that a decrease in labor market frictions significantly reduces firms’ training expenditures. Instead, product market competition does not have an effect on firm-sponsored training. We conclude that increasing competition through international integration and globalization does not pose a threat to investments in on-the-job training. An increase in labor market flexibility may reduce incentives of firms to invest in training, but the magnitude of this effect is small.

Number of Pages in PDF File: 24

Keywords: firm-sponsored training, labor market frictions, product market competition, matched worker-firm data

JEL Classification: D43, J24, J42, L22, M53

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Date posted: June 9, 2010  

Suggested Citation

Picchio, Matteo and van Ours, Jan C., Market Imperfections and Firm-Sponsored Training (June 2, 2010). CentER Discussion Paper Series No. 2010-57. Available at SSRN: http://ssrn.com/abstract=1622183 or http://dx.doi.org/10.2139/ssrn.1622183

Contact Information

Matteo Picchio (Contact Author)
Department of Economic and Social Science, Marche Polytechnic University ( email )
Piazzale Martelli, 8
60121 Ancona
Italy
+39 071 220 7176 (Phone)
HOME PAGE: http://www.univpm.it/matteo.picchio
SHERPPA - Ghent University ( email )
Tweekerkenstraat 2
Ghent, B-9000
Belgium
Tilburg University - Center for Economic Research (CentER) ( email )
P.O. Box 90153
Tilburg, 5000 LE
Netherlands
Institute for the Study of Labor (IZA) ( email )
P.O. Box 7240
Bonn, D-53072
Germany
Catholic University of Louvain (UCL) - School of Economic and Social Research (IRES) ( email )
3, Place Montesquieu
1348 Louvain-la-Neuve
Belgium
Jan C. Van Ours
Tilburg University - Department of Economics ( email )
P.O. Box 90153
Tilburg, 5000 LE
Netherlands
+31 13 466 2880 (Phone)
+31 13 466 3042 (Fax)
University of Melbourne - Department of Economics ( email )
Melbourne, 3010
Australia
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