TY  - RPRT
        AU  - Konings, Jozef
AU  - Vanormelingen, Stijn
        TI  - The Impact of Training on Productivity and Wages: Firm Level Evidence
        PY  - 2010/Jan/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 4731
        UR  - https://www.iza.org/publications/dp4731
        AB  - 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.
        KW  - human capital
KW  - production functions
KW  - training
        ER  -