The Effects of General and Firm-Spesific Training on Wages and Performance: Evidence from Banking

Jones DerekKalmi PanuKauhanen Antti

By using new panel data for Finnish banks we study the impact of training on wages and performance. To the best of our knowledge, ours is the first paper to compare explicitly the effects of general and firmspecific 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 is in the range of 3-7%, whereas the performance effects vary widely depending on the measures of training intensity. The other key finding is that general training is associated with higher wage and performance effects than is firm-specific training.
YLEISEN JA YRITYSKOHTAISEN KOULUTUKSEN VAIKUTUKSET PALKKOIHIN JA MENESTYMISEEN : Näyttöä pankkitoimialalta

Information om publikationen

Serie
Discussion Papers no. 1184
JEL
M53,J24,G21
Sidor
34
Pris
10 €
Tillgänglighet av tryckt version
Tillgänglig
Språk
Engelska