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

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  • Rita Asplund
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    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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    File URL: http://www.nopecjournal.org/NOPEC_2005_a03.pdf
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    Bibliographic Info

    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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    Web page: http://www.nopecjournal.org

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    Cited by:
    1. Yuki, Kazuhiro, 2009. "Government and human capital in a model of development through modernization and specialization," MPRA Paper 19760, University Library of Munich, Germany.
    2. Frosch, Katharina & Göbel, Christian & Zwick, Thomas, 2011. "Separating wheat and chaff: age-specific staffing strategies and innovative performance at the firm level," Zeitschrift für ArbeitsmarktForschung - Journal for Labour Market Research, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 44(4), pages 321-338.
    3. Maliranta, Mika & Asplund, Rita, 2007. "Training and Hiring Strategies to Improve Firm Performance," Discussion Papers 1105, The Research Institute of the Finnish Economy.
    4. Christian Pfeifer & Simon Janssen & Philip Yang & Uschi Backes-Gellner, 2011. "Effects of Training on Employee Suggestions and Promotions in an Internal Labor Market," Economics of Education Working Paper Series 0061, University of Zurich, Institute for Strategy and Business Economics (ISU).
    5. Pfeifer, Christian, 2013. "Intra-firm Wage Compression and Cost Coverage of Training: Evidence from Linked Employer-Employee Data," Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 80030, Verein für Socialpolitik / German Economic Association.
    6. Pahnke, André & Icks, Annette & Kay, Rosemarie, 2013. "Übernahme von Auszubildenden: Betriebsgrößenspezifische Analysen," IfM-Materialien 221, Institut für Mittelstandsforschung (IfM) Bonn.
    7. Uschi Backes-Gellner & Shiho Futagami & Silvia Teuber & Andrea Willi, 2013. "Differences in Initial Training and Wages of Japanese Engineering and Retailing Companies - Who Pays for Higher Training Costs?," Economics of Education Working Paper Series 0090, University of Zurich, Institute for Strategy and Business Economics (ISU).

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