Testing some predictions of human capital theory: New training evidence from Britain

• 成果类型: Article
• 署名作者: Booth, AL; Bryan, ML
• 署名单位: Australian National University; University of Essex
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• DOI: 10.1162/0034653053970357
• 发表日期: 2005-05
• 页码: 391-394
• 关键词: investment; INFORMATION

摘要

We confront the predictions of various theories with new training data from the British Household Panel Survey. We find that employer-financed training is associated with significantly higher wages at current and future firms, with a larger impact in future firms. This is consistent with human capital theory with credit constraints and with the new training literature assuming imperfectly competitive labor markets.We confront the predictions of various theories with new training data from the British Household Panel Survey. We find that employer-financed training is associated with significantly higher wages at current and future firms, with a larger impact in future firms. This is consistent with human capital theory with credit constraints and with the new training literature assuming imperfectly competitive labor markets.