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The Provision and Effects of Company Training: A Brief Review of the Literature

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Author Info
Rita Asplund
Abstract

This paper reviews recent empirical research on economic benefits of company-provided training in search for answers to questions such as: What kinds of training do companies provide? Who is trained? How intensively? For what reason? Do trained employees experience an earnings advantage over non-trained? Does training enhance employability, mobility, and promotion? Do companies, and the society at large, benefit from these investments? Despite growing interest in these questions, our current knowledge on the economic role of company-provided training demands great cautiousness in drawing policy implications concerning the crucial questions of inequality of access to company training and training market failures, among others.

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Article provided by Nordic Journal of Political Economy in its journal Nordic Journal of Political Economy.

Volume (Year): 31 (2005)
Issue (Month): ()
Pages: 47-73
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Handle: RePEc:noj:journl:v:31:y:2005:p:47-73

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Find related papers by JEL classification:
M53 - Business Administration and Business Economics; Marketing; Accounting - - Personnel Economics - - - Training
J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

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  6. Jörn-Steffen Pischke, 2001. "Continuous training in Germany," Journal of Population Economics, Springer, vol. 14(3), pages 523-548. [Downloadable!] (restricted)
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  7. Goux, Dominique & Maurin, Eric, 2000. "Returns to firm-provided training: evidence from French worker-firm matched data1," Labour Economics, Elsevier, vol. 7(1), pages 1-19, January. [Downloadable!] (restricted)
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  14. Loewenstein, Mark A & Spletzer, James R, 1998. "Dividing the Costs and Returns to General Training," Journal of Labor Economics, University of Chicago Press, vol. 16(1), pages 142-71, January. [Downloadable!] (restricted)
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  18. Stevens, Margaret, 1994. "A Theoretical Model of On-the-Job Training with Imperfect Competition," Oxford Economic Papers, Oxford University Press, vol. 46(4), pages 537-62, October. [Downloadable!] (restricted)
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  22. Booth, Alison L & Zoega, Gylfi, 2001. "Is Wage Compression a Necessary Condition for Firm-Financed General Training?," CEPR Discussion Papers 2845, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  25. Rita Asplund & Jenni Oksanen, 2003. "Functional Flexibility Strategies: Evidence from Companies in Five Small European Economies," Discussion Papers 874, The Research Institute of the Finnish Economy. [Downloadable!]
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  27. Edwin Leuven & Hessel Oosterbeek, 2002. "A New Approach to estimate the Wage Returns to Work-related Training," Tinbergen Institute Discussion Papers 02-091/3, Tinbergen Institute. [Downloadable!]
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  28. Bartel, A.P. & Sicherman, N., 1995. "Technological Change and the Skill Acquisition of Young Workers," Papers 95-10, Columbia - Graduate School of Business.
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  31. Alan Barrett & Philip J. O'Connell, 2001. "Does training generally work? The returns to in-company training," Industrial and Labor Relations Review, ILR Review, ILR School, Cornell University, vol. 54(3), pages 647-662, April.
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  32. Ballot, Gerard & Taymaz, Erol, 2001. "Training policies and economic growth in an evolutionary world," Structural Change and Economic Dynamics, Elsevier, vol. 12(3), pages 311-329, September. [Downloadable!] (restricted)
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  36. Booth, Alison L. & Bryan, Mark L., 2002. "Who Pays for General Training? New Evidence for British Men and Women," IZA Discussion Papers 486, Institute for the Study of Labor (IZA). [Downloadable!]
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Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Mika Maliranta & Rita Asplund, 2007. "Training and Hiring Strategies to Improve Firm Performance," Discussion Papers 1105, The Research Institute of the Finnish Economy. [Downloadable!]
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