The return to firm investments in human capital

被引：68

作者：

Almeida, Rita ^{[1
]}

Carneiro, Pedro ^{[2
]}

机构：

[1] World Bank, Washington, DC 20433 USA

[2] UCL, Inst Fiscal Studies, London WC1E 6BT, England

来源：

LABOUR ECONOMICS | 2009年 / 16卷 / 01期

基金：

英国经济与社会研究理事会;

关键词：

On-the-job training; Panel data; Production function; Rate of return; PRODUCTIVITY; WAGES;

D O I：

10.1016/j.labeco.2008.06.002

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this paper we estimate the rate of return to firm investments in human capital in the form of formal job training. We use a panel of large firms with detailed information oil the duration of training, the direct costs of training, and several firm characteristics. Our estimates of the return to training are substantial (8.6%) for those providing training. Results suggest that formal job training is a good investment for these firms possibly yielding comparable returns to either investments in physical capital or investments in schooling. (C) 2008 Elsevier B.V. All rights reserved.

引用

页码：97 / 106

页数：10

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