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The return to firm investments in human capital

Almeida, R.; Carneiro, P.; (2009) The return to firm investments in human capital. Labour Economics , 16 (1) pp. 97-106. 10.1016/j.labeco.2008.06.002. Green open access

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Abstract

In this paper we estimate the rate of return to firm investments in human capital in the form of formal job training. We use a panel of large firms with detailed information on the duration of training, the direct costs of training, and several firm characteristics. Our estimates of the return to training are substantial (8.6%) for those providing training. Results suggest that formal job training is a good investment for these firms possibly yielding comparable returns to either investments in physical capital or investments in schooling.

Type: Article
Title: The return to firm investments in human capital
Open access status: An open access version is available from UCL Discovery
DOI: 10.1016/j.labeco.2008.06.002
Publisher version: http://dx.doi.org/10.1016/j.labeco.2008.06.002
Language: English
UCL classification: UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics
URI: https://discovery.ucl.ac.uk/id/eprint/16154
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