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Book Chapter Aspects of Worker Well-Being

Who pays for general training in private sector Britain?

Authors

Publication date

2007

Abstract

We use new training data from the British Household Panel Survey to explore the degree to which the data are consistent with the predictions of human capital theory. According to the raw data, most work-related training is general and is paid for by employers. Our fixed effects estimates reveal that employer-financed training is associated with higher wages both in the current and future firms, with some eveidence that the impact in future firms is larger. These results are consistent with human capital theory with credit constraints, and with the relatively recent literature on training in imperfectly competitive labour markets.

Volume and page numbers

85-124 , 85 -123

Subjects

Human Capital, Training: Labour Market, and Wages And Earnings

Notes

by Soloman W. Polachek and Olivier Bargain (eds); not held in Res Lib - bibliographic reference only

#509122


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