Who Pays for General Training in Private Sector Britain?

Alison L. Booth, Mark L. Bryan

    Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

    26 Citations (Scopus)

    Abstract

    We use new training data from the British Household Panel Survey to explore the degree to which the data are consistent with the predictions of human capital theory. According to the raw data, most work-related training is general and is paid for by employers. Our fixed effects estimates reveal that employer-financed training is associated with higher wages both in the current and future firms, with some evidence that the impact in future firms is larger. These results are consistent with human capital theory with credit constraints, and with the relatively recent literature on training in imperfectly competitive labour markets.

    Original languageEnglish
    Title of host publicationAspects of Worker Well-Being
    EditorsSolomon Polachek, Olivier Bargain
    Pages85-123
    Number of pages39
    DOIs
    Publication statusPublished - 2007

    Publication series

    NameResearch in Labor Economics
    Volume26
    ISSN (Print)0147-9121

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