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Time - Even More Costly Than Money: Training Costs of Workers and Firms

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Author Info
Simone Tuor () (Institute for Strategy and Business Economics, University of Zurich)
Uschi Backes-Gellner () (Institute for Strategy and Business Economics, University of Zurich)

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Abstract

We empirically investigate the joint training decisions of workers and firms. The aim of our study is to learn how various cost components affect workers’ (non-)participation in training. In particular, we separately consider monetary and non-monetary training costs, which is possible thanks to an especially rich dataset that includes both participants and non-participants. Our estimation results show that workers whose firms cover some of their training costs would generally be more likely to have assumed the full training costs themselves had they not received employer support. Moreover, the share of self-financed training, as compared to employer-supported training, is generally low. Thus, firms moderate virtually all training decisions and, as a result, considerably influence (non-)participation patterns. Interestingly, although training non-participation can be attributed to both monetary and non-monetary costs, the latter seem to comprise the more binding restriction. That is, time is more costly than money.

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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 0046.

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Length: 34 pages
Date of creation: Mar 2009
Date of revision:
Handle: RePEc:iso:educat:0046

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Related research
Keywords: Training costs; employer-supported training; time vs. money;

Find related papers by JEL classification:
J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
M53 - Business Administration and Business Economics; Marketing; Accounting - - Personnel Economics - - - Training

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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.:
  1. Jörn-Steffen Pischke, 2001. "Continuous training in Germany," Journal of Population Economics, Springer, vol. 14(3), pages 523-548. [Downloadable!] (restricted)
    Other versions:
  2. Edward P. Lazear, 2003. "Firm-Specific Human Capital: A Skill-Weights Approach," NBER Working Papers 9679, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  3. Wiji Arulampalam & Alison L. Booth & Mark L. Bryan, 2004. "Training in Europe," Journal of the European Economic Association, MIT Press, vol. 2(2-3), pages 346-360, 04/05. [Downloadable!] (restricted)
    Other versions:
  4. Acemoglu, Daron & Pischke, Jorn-Steffen, 1999. "Beyond Becker: Training in Imperfect Labour Markets," Economic Journal, Royal Economic Society, vol. 109(453), pages F112-42, February. [Downloadable!] (restricted)
    Other versions:
  5. Gary S. Becker, 1962. "Investment in Human Capital: A Theoretical Analysis," Journal of Political Economy, University of Chicago Press, vol. 70, pages 9. [Downloadable!] (restricted)
  6. Uschi Backes-Gellner & Simone Tuor, 2007. "Avoiding Labor Shortages by Employer Signaling - On the Importance of Good Work Climate and Labor Relations," Economics of Education Working Paper Series 0010, University of Zurich, Institute for Strategy and Business Economics (ISU). [Downloadable!]
    Other versions:
  7. Rosen, Sherwin, 1976. "A Theory of Life Earnings," Journal of Political Economy, University of Chicago Press, vol. 84(4), pages S45-67, August. [Downloadable!] (restricted)
  8. Lisa M. Lynch & Sandra E. Black, 1998. "Beyond the incidence of employer-provided training," Industrial and Labor Relations Review, ILR Review, ILR School, Cornell University, vol. 52(1), pages 64-81, October.
  9. Greenhalgh, Christine & Mavrotas, George, 1994. "The Role of Career Aspirations and Financial Constraints in Individual Access to Vocational Training," Oxford Economic Papers, Oxford University Press, vol. 46(4), pages 579-604, October. [Downloadable!] (restricted)
    Other versions:
  10. Tamás Bartus, 2005. "Estimation of marginal effects using margeff," Stata Journal, StataCorp LP, vol. 5(3), pages 309-329, September. [Downloadable!]
  11. Simon Janßen & Uschi Backes-Gellner, 2009. "Skill Obsolescence, Vintage Effects and Changing Tasks," Applied Economics Quarterly (formerly: Konjunkturpolitik), Duncker & Humblot, Berlin, vol. 55(1), pages 83-103.
  12. Groot, Wim, 1999. "Productivity Effects of Enterprise-Related Training," Applied Economics Letters, Taylor and Francis Journals, vol. 6(6), pages 369-71, June. [Downloadable!] (restricted)
  13. Andrea Bassanini & Alison Booth & Giorgio Brunello & Maria De Paola & Edwin Leuven, 2005. "Workplace Training in Europe," IZA Discussion Papers 1640, Institute for the Study of Labor (IZA). [Downloadable!]
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