The Return to Firm Investments in Human Capital

In this paper, we estimate the rate of return to firm investments in human capital in the form of formal job training. We use a panel of large firms with detailed information on the duration of training, the direct costs of training, and several firm characteristics. Our estimates of the return to t...

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Bibliographic Details
Main Authors:	Almeida, Rita, Carneiro, Pedro
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Human Capital Skills Occupational Choice Labor Productivity J240 Firm Performance: Size, Diversification, and Scope L250 Personnel Economics: Training M530
Online Access:	http://hdl.handle.net/10986/5552

id	okr-10986-5552
recordtype	oai_dc
spelling	okr-10986-55522021-04-23T14:02:22Z The Return to Firm Investments in Human Capital Almeida, Rita Carneiro, Pedro Human Capital Skills Occupational Choice Labor Productivity J240 Firm Performance: Size, Diversification, and Scope L250 Personnel Economics: Training M530 In this paper, we estimate the rate of return to firm investments in human capital in the form of formal job training. We use a panel of large firms with detailed information on the duration of training, the direct costs of training, and several firm characteristics. Our estimates of the return to training are substantial (8.6%) for those providing training. Results suggest that formal job training is a good investment for these firms possibly yielding comparable returns to either investments in physical capital or investments in schooling. 2012-03-30T07:33:23Z 2012-03-30T07:33:23Z 2009 Journal Article Labour Economics 09275371 http://hdl.handle.net/10986/5552 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Human Capital Skills Occupational Choice Labor Productivity J240 Firm Performance: Size, Diversification, and Scope L250 Personnel Economics: Training M530
spellingShingle	Human Capital Skills Occupational Choice Labor Productivity J240 Firm Performance: Size, Diversification, and Scope L250 Personnel Economics: Training M530 Almeida, Rita Carneiro, Pedro The Return to Firm Investments in Human Capital
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	In this paper, we estimate the rate of return to firm investments in human capital in the form of formal job training. We use a panel of large firms with detailed information on the duration of training, the direct costs of training, and several firm characteristics. Our estimates of the return to training are substantial (8.6%) for those providing training. Results suggest that formal job training is a good investment for these firms possibly yielding comparable returns to either investments in physical capital or investments in schooling.
format	Journal Article
author	Almeida, Rita Carneiro, Pedro
author_facet	Almeida, Rita Carneiro, Pedro
author_sort	Almeida, Rita
title	The Return to Firm Investments in Human Capital
title_short	The Return to Firm Investments in Human Capital
title_full	The Return to Firm Investments in Human Capital
title_fullStr	The Return to Firm Investments in Human Capital
title_full_unstemmed	The Return to Firm Investments in Human Capital
title_sort	return to firm investments in human capital
publishDate	2012
url	http://hdl.handle.net/10986/5552
_version_	1764395460357783552

The Return to Firm Investments in Human Capital

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