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

Konings, Jozef ORCID: 0000-0003-1280-4674 and Vanormelingen, Stijn (2015) The Impact of Training on Productivity and Wages: Firm-Level Evidence. Review of Economics and Statistics, 97 (2). pp. 485-497.

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Abstract

This paper uses firm-level panel data of on-the-job training to estimate its impact on productivity and wages. To this end, we apply and extend the control function approach for estimating production functions, which allows us to correct for the endogeneity of input factors and training. We find that the productivity premium of a trained worker is substantially higher compared to the wage premium. Our results are consistent with recent theories that explain work-related training by imperfect competition in the labor market.

Item Type:	Article
Uncontrolled Keywords:	8 Decent Work and Economic Growth
Depositing User:	Symplectic Admin
Date Deposited:	16 Oct 2018 15:27
Last Modified:	17 Mar 2024 01:03
DOI:	10.1162/rest_a_00460
Related URLs:	Publisher
URI:	https://livrepository.liverpool.ac.uk/id/eprint/3027646