Research Repository

Testing Some Predictions of Human Capital Theory: New Training Evidence from Britain

Booth, Alison L and Bryan, Mark L (2005) 'Testing Some Predictions of Human Capital Theory: New Training Evidence from Britain.' Review of Economics and Statistics, 87 (2). pp. 391-394. ISSN 0034-6535

Full text not available from this repository.

Abstract

We confront the predictions of various theories with new training data from the British Household Panel Survey. We find that employer-financed training is associated with significantly higher wages at current and future firms, with a larger impact in future firms. This is consistent with human capital theory with credit constraints and with the new training literature assuming imperfectly competitive labor markets.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences > Economics, Department of
Faculty of Social Sciences > Institute for Social and Economic Research
Depositing User: Jim Jamieson
Date Deposited: 18 Jul 2012 17:41
Last Modified: 06 Mar 2013 15:37
URI: http://repository.essex.ac.uk/id/eprint/3141

Actions (login required)

View Item View Item