Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/268731 
Year of Publication: 
2023
Series/Report no.: 
EIB Working Papers No. 2023/01
Publisher: 
European Investment Bank (EIB), Luxembourg
Abstract: 
Using firm-level data covering the 27 EU countries, the UK and the US, we show that employers tend to reduce investment in training per employee after adopting advanced digital technologies (ADT). We estimate with a control function approach firm-level production functions augmented with two factors, the training stock per employee and digital technology use. We show that ADT use and employee training are substitutes in production, implying that an increase in the former negatively affects the marginal productivity of the latter, and that a decline in the cost of introducing ADT reduces employers' investment in training per employee. These findings point to challenges in realizing high levels of firmsponsored training for employees in increasingly digital economies.
Persistent Identifier of the first edition: 
ISBN: 
978-92-861-5519-2
Document Type: 
Working Paper

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