The Impact of Continuous Training on a Firm’s Innovations

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The Impact of Continuous Training on a Firm’s Innovations

Author Info

Stefan Bauernschuster () (University of Passau)
Oliver Falck () (Ifo Institute for Economic Research, University of Munich)
Stephan Heblich () (Max Planck Institute of Economics, Jena)

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Abstract

Keeping up with rapid technological change necessitates constant innovation. Successful innovation depends on both incumbent workers’ knowledge, based on experience, and knowledge about the latest technologies, along with the skills needed to implement them. Both of these knowledge-based elements of innovation can be attained through moderate labor force turnover in combination with continuous training. Based on German micro data, we find empirical evidence in support of training leading to innovation within a multivariate regression framework. However, when instrumenting training by the existence of a union’s contract or a works council this impact disappears.

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Publisher Info
Paper provided by University of Zurich, Institute for Strategy and Business Economics (ISU) in its series Economics of Education Working Paper Series with number 0024.

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Length: 32 pages
Date of creation: Mar 2008
Date of revision:
Handle: RePEc:iso:educat:0024

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Paper
- Stefan Bauernschuster & Oliver Falck & Stephan Heblich, 2008. "The Impact of Continuous Training on a Firm’s Innovations," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]

Find related papers by JEL classification:
J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
O31 - Economic Development, Technological Change, and Growth - - Technological Change - - - Innovation and Invention: Processes and Incentives

This paper has been announced in the following NEP Reports:

NEP-ALL-2008-05-31 (All new papers)
NEP-HRM-2008-05-31 (Human Capital & Human Resource Management)
NEP-INO-2008-05-31 (Innovation)
NEP-KNM-2008-05-31 (Knowledge Management & Knowledge Economy)
NEP-LAB-2008-05-31 (Labour Economics)
NEP-MIC-2008-05-31 (Microeconomics)

References listed on IDEAS
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Other versions:
- David H. Autor, 2000. "Why Do Temporary Help Firms Provide Free General Skills Training?," NBER Working Papers 7637, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

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