The return to firm investment in human capital

The return to firm investment in human capital

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"In this paper the authors estimate the rate of return to firm investments in human capital in the form of formal job training. They use a panel of large firms with unusually detailed information on the duration of training, the direct costs of training, and several firm characteristics such as...

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Bibliographische Detailangaben
1. Verfasser: Carneiro, Pedro (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: [Washington, D.C] World Bank 2006
Schriftenreihe:Policy research working paper 3851
Schlagworte:
Capital investments
Human capital
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Beschreibung
Zusammenfassung:"In this paper the authors estimate the rate of return to firm investments in human capital in the form of formal job training. They use a panel of large firms with unusually detailed information on the duration of training, the direct costs of training, and several firm characteristics such as their output, workforce characteristics, and capital stock. Their estimates of the return to training vary substantially across firms. On average it is -7 percent for firms not providing training and 24 percent for those providing training. Formal job training is a good investment for many firms and the economy, possibly yielding higher returns than either investments in physical capital or investments in schooling. In spite of this, observed amounts of formal training are small. "--World Bank web site
Beschreibung:Includes bibliographical references. - Title from PDF file as viewed on 3/8/2006
Erscheinungsjahr in Vorlageform:[2006]
Weitere Ausgabe: Carneiro, Pedro : The return to firm investment in human capital
Beschreibung:1 Online-Ressource

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