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.
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.
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.
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 |