Testing some predictions of human capital theory: new training evidence from Britain

Publication type

Journal Article

Authors

Publication date

June 1, 2005

Abstract:

We confront the predictions of various theories with new training data from the British Household Panel Survey. We find that employer-financed training is associated with significantly higher wages at current and future firms, with a larger impact in future firms. This is consistent with human capital theory with credit constraints and with the new training literature assuming imperfectly competitive labor markets.

Published in

Review of Economics and Statistics

Volume and page numbers

Volume: 87 (2):391-394 , p.391 -394

Subjects

Notes

Albert Sloman Library Periodicals *restricted to Univ. Essex registered users*

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