The Return to Firm Investments in Human Capital

• Tác giả: Rita Almeida
• Ngôn ngữ: eng
• Ký hiệu phân loại: 355.61 Personnel management (Human resource management)
• Thông tin xuất bản: 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 302004
• Chủ đề: 1. Firm Performance: Size, Diversification, and Scope L250; 2. Human Capital; 3. Labor Productivity J240; 4. Occupational Choice; 5. Skills

Tóm tắt

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.