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

• 成果类型: Article
• 署名作者: Konings, Jozef; Vanormelingen, Stijn
• 署名单位: KU Leuven; University of Ljubljana
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• DOI: 10.1162/REST_a_00460
• 发表日期: 2015-05
• 页码: 485-497
• 关键词: worker characteristics; the-job; mobility

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.