THE IMPACT OF TRAINING ON PRODUCTIVITY AND WAGES: FIRM-LEVEL EVIDENCE

被引：109
|
作者：
Konings, Jozef [1 ,2 ]
Vanormelingen, Stijn [1 ]
机构：
[1] Katholieke Univ Leuven, Louvain, Belgium
[2] Univ Ljubljana, Ljubljana 61000, Slovenia
来源：
REVIEW OF ECONOMICS AND STATISTICS | 2015年 / 97卷 / 02期
关键词：
WORKER CHARACTERISTICS; THE-JOB; MOBILITY;
D O I：
10.1162/REST_a_00460
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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.
引用
收藏
页码：485 / 497
页数：13
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