Although economic models of training decisions are framed in terms of a
company's calculation of the costs and benefits of such training, empirical
work hss never been able to test this model directly on company behavior. This
paper utilizes a unique database to analyze the determinants of the variation
in formal training across businesses and the impact of such training on labor
productivity. Major findings are that large businesses, those introducing new
technology end those who rely on internal promotions to fill vacancies are more
likely to have formal training programs. Formal training is found to have a
positive effect on labor productivity.
*Published:
Market Failure in Training? New Economic Analysis and Evidence on Trainingof Adult Employees, ed. David Stern and Jozef Ritzen, Springer-Verlag 1991
Bartel, Ann P. "Productivity Gains From The Implementation Of Employee Training Programs," Industrial Relations, 1994, v33(4), 411-425.
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