Journal
REVIEW OF ECONOMICS AND STATISTICS
Volume 87, Issue 2, Pages 391-394Publisher
MIT PRESS
DOI: 10.1162/0034653053970357
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Funding
- Economic and Social Research Council [RES-518-28-5001, RES-562-28-5001] Funding Source: researchfish
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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.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.
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