Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/74831
Authors: 
Konings, Jozef
Vanormelingen, Stijn
Year of Publication: 
2009
Series/Report no.: 
LICOS Discussion Paper 244
Abstract: 
This paper uses firm level panel data of firm provided training to estimate its impact on productivity and wages. To this end the strategy proposed by Ackerberg, Caves and Frazer (2006) for estimating production functions to control for the endogeneity of input factors and training is applied. The productivity premium for a trained worker is estimated at 23%, while the wage premium of training is estimated at 12%. Our results give support to recent theories that explain work related training by imperfect competition in the labor market.
Subjects: 
Training
production functions
human capital
JEL: 
J24
J31
L22
Document Type: 
Working Paper

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