Technology adoption and labor training under uncertainty

被引：3

作者：

Gander, JP ^{[1
]}

机构：

[1] Univ Utah, Dept Econ, Salt Lake City, UT 84108 USA

来源：

ECONOMICS OF EDUCATION REVIEW | 2003年 / 22卷 / 03期

关键词：

costs; productivity; human capital;

D O I：

10.1016/S0272-7757(02)00035-3

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Technology adoption must be accompanied by firm-specific employee training. The reliability of the effect of this training is uncertain. A model of the firm is developed incorporating training and uncertainty. The training effect on labor productivity is captured by an augmenter. The uncertainty is captured by a two-state probability function. Both of these are joint functions of the firm's investment in training. The first-order conditions for profit maximization give an ex post equation showing the training cost intensity (investment per total wage bill) as the sum of two elasticities: the investment elasticity of augmentation and the investment elasticity of probability. From previous empirical studies, estimates of the training cost ratio range from 4-10%, so the elasticities are relatively small (in the range 0.02-0.05), vet they are significant. (C) 2003 Elsevier Science Ltd. All rights reserved.

引用

页码：285 / 289

页数：5

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