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Who Benefits from Training and R&D, the Firm or the Workers?

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Author Info

  • Gérard Ballot
  • Fathi Fakhfakh
  • Erol Taymaz

Abstract

The present paper offers a novel study of the effects of intangible assets on wages and productivity. Training, R&D and physical capital are all taken into account, and their joint effects are examined. We use panels of firms in order to control for unobserved fixed effects and the potential endogeneity of training and R&D, using data for France and Sweden. The estimation of productivity and wage equations allows us to show how the benefits of investment in physical capital, training and R&D are shared between the firm and the workers. We found that firms indeed obtain the largest part of the returns to their investments, but their share is relatively lower for intangible assets (R&D and training) than for physical capital. Copyright Blackwell Publishing Ltd/London School of Economics 2006.

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Bibliographic Info

Article provided by London School of Economics in its journal British Journal of Industrial Relations.

Volume (Year): 44 (2006)
Issue (Month): 3 (09)
Pages: 473-495

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Handle: RePEc:bla:brjirl:v:44:y:2006:i:3:p:473-495

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Cited by:
  1. N. Ngoc Thang & N. Van Thu & D. Buyens, 2008. "The impact of training on firm performance: Case of Vietnam," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 08/538, Ghent University, Faculty of Economics and Business Administration.
  2. Jones, Derek & Kalmi, Panu & Kauhanen, Antti, 2009. "The Effects of General and Firm-Spesific Training on Wages and Performance: Evidence from Banking," Discussion Papers 1184, The Research Institute of the Finnish Economy.
  3. Ana Sofia Lopes & Paulino Teixeira, 2013. "Productivity, wages, and the returns to firm-provided training: fair shared capitalism?," International Journal of Manpower, Emerald Group Publishing, vol. 34(7), pages 776 - 793, November.
  4. Pavel V. Travkin, 2014. "The Returns To Training In Russia: A Difference-In-Differences Analysis," HSE Working papers WP BRP 56/EC/2014, National Research University Higher School of Economics.
  5. Lorraine Dearden & Howard Reed & John Van Reenen, 2006. "The Impact of Training on Productivity and Wages: Evidence from British Panel Data," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 68(4), pages 397-421, 08.
  6. Yılmaz Kılıçaslan & Erol Taymaz, 2008. "Labor market institutions and industrial performance: an evolutionary study," Journal of Evolutionary Economics, Springer, vol. 18(3), pages 477-492, August.
  7. Travkin, Pavel, 2014. "The impact of the on-the-job training on Russian worker’s salary: The effect of abilities approach," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 33(1), pages 51-70.
  8. Maliranta, Mika & Asplund, Rita, 2007. "Training and Hiring Strategies to Improve Firm Performance," Discussion Papers 1105, The Research Institute of the Finnish Economy.
  9. Lopes, Ana Sofia & Teixeira, Paulino, 2012. "Worker Productivity and Wages: Evidence from Linked Employer-Employee Data," IZA Discussion Papers 7036, Institute for the Study of Labor (IZA).
  10. Vesna Stavrevska, 2011. "The efficiency wages perspective to wage rigidity in the open economy: a survey," International Journal of Manpower, Emerald Group Publishing, vol. 32(3), pages 273-299, July.
  11. Mark Rogers, 2006. "R&D and Productivity in the UK: evidence from firm-level data in the 1990s," Economics Series Working Papers 255, University of Oxford, Department of Economics.
  12. I.U. Zeytinoglu & G.B. Cooke & K. Harry, 2007. "Older Workers and On-the-Job Training in Canada: Evidence from the WES Data," Social and Economic Dimensions of an Aging Population Research Papers 179, McMaster University.
  13. Elena Feltrinelli & Roberto Gabriele & Sandro Trento, 2013. "Do middle managers matter?," DEM Discussion Papers 2013/11, Department of Economics and Management.
  14. Mark Rogers, 2010. "R&D and productivity: using UK firm-level data to inform policy," Empirica, Springer, vol. 37(3), pages 329-359, July.
  15. Cynthia Gramm & John Schnell, 2013. "Long-Term Employment and Complementary Human Resource Management Practices," Journal of Labor Research, Springer, vol. 34(1), pages 120-145, March.
  16. Carmichael, Fiona & Ercolani, Marco & Kang, Lili & Maimaiti, Yasheng & O'Mahony, Mary & Peng, Fei & Robinson, Catherine, 2009. "Training, education and productivity," MPRA Paper 39899, University Library of Munich, Germany.

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