Please use this identifier to cite or link to this item: http://hdl.handle.net/10316/13327
Title: Productivity, wages, and the returns to firm-provided training: who is grabbing the biggest share?
Authors: Lopes, Ana Sofia 
Teixeira, Paulino 
Keywords: Firm-Provided Training; Internal Rate of Return; Human Capital; Productivity
Issue Date: 2010
Publisher: FEUC. Grupo de Estudos Monetários e Financeiros
Citation: Estudos do GEMF. 5 (2010)
Serial title, monograph or event: Estudos do GEMF
Issue: 5
Place of publication or event: Coimbra
Abstract: In spite of the importance of workplace training in human capital accumulation, relatively little is known on its returns for workers and firms. Our investigation tries to fill this gap by developing an alternative modelling that examines the determinants of firm productivity and wages, on the one hand, and the internal rate of return to firm training investments, on the other. Our estimates, obtained using a firm-level dataset in which we have detailed information on firm-provided training, indicate that an additional hour of training per worker implies some 0.1 percent increase in productivity. We also found that 2/3 of the gains in productivity are captured by firms and 1/3 by workers. In turn, the internal rate of return for an average firm in our sample is equal to 11 percent while for workers it is considerably higher at 24 percent. As expected, the dispersion across firms is very high, with 66 percent of firms having a positive internal rate of return for an annual depreciation rate of 35 percent.
URI: http://hdl.handle.net/10316/13327
Rights: openAccess
Appears in Collections:FEUC- Vários

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