The Effects of General and Firm-specific Training on Wages and Performance: Evidence from Banking
Type of Work
Article
Date
1-2012
Journal Title
Oxford Economic Papers
Journal ISSN
0030-7653
Journal Volume
64
Journal Issue
1
First Page
151
Last Page
175
DOI
10.1093/oep/gpr013
Abstract
Using new panel data for Finnish co-operative banks we study the impact of training on wages and performance. To our knowledge, this is the first paper to compare explicitly the effects of general and firm-specific workplace training on outcomes for both employees and firms. Unlike much existing literature, we find stronger evidence that training improves worker outcomes rather than organizational performance. Depending upon specification, the estimated wage elasticity with respect to training ranges from 3–7%, whereas we find virtually no effects on organizational performance.
JEL classification: G21, J24, M53, P13
Citation Information
Jones, Derek C.; Kalmi, Panu; and Kauhanen, Antti, "The Effects of General and Firm-specific Training on Wages and Performance: Evidence from Banking" (2012). Hamilton Digital Commons.
https://digitalcommons.hamilton.edu/articles/214
Hamilton Areas of Study
Economics