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Who pays for general training in private sector Britain?

Booth, Alison L and Bryan, Mark L (2007) 'Who pays for general training in private sector Britain?' In: UNSPECIFIED, (ed.) Aspects of Worker Well-Being. Emerald Group Publishing Limited, Amsterdam, pp. 85-123.

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We use new training data from the British Household Panel Survey to explore the degree to which the data are consistent with the predictions of human capital theory. According to the raw data, most work-related training is general and is paid for by employers. Our fixed effects estimates reveal that employer-financed training is associated with higher wages both in the current and future firms, with some eveidence that the impact in future firms is larger. These results are consistent with human capital theory with credit constraints, and with the relatively recent literature on training in imperfectly competitive labour markets.

Item Type: Book Section
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculty of Social Sciences > Institute for Social and Economic Research
Depositing User: Clare Chatfield
Date Deposited: 14 Nov 2014 15:34
Last Modified: 14 Nov 2014 15:34

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