Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/95186
Authors: 
Kazamaki Ottersten, Eugenia
Lindh, Thomas
Mellander, Erik
Year of Publication: 
1996
Series/Report no.: 
IUI Working Paper 455
Abstract: 
A quality-adjusted specification of labor is suggested which allows firm training to affect labor efficiency. To assess the cost and productivity effects, this specification is integrated into a flexible neoclassical cost function. The empirical analysis uses panel data for eight plants in the Swedish Machine Tool Industry. The econometric results imply a high probability that training expenditures result in net decreases in total costs. Judging from the corresponding point estimates, these cost savings can be very large. The estimates of productivity effects are also positive, albeit rather small.
Subjects: 
ENTERPRISES
TRAINING
WORKERS
PRODUCTIVITY
JEL: 
C51
D21
J24
J31
Document Type: 
Working Paper

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