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Human Capital Spillovers and Economic Performance in the Workplace in 2004: Some British Evidence

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Author Info
Renuka Metcalfe () (WELMERC, University of Wales Swansea)
Peter J. Sloane () (WELMERC, University of Wales Swansea and IZA)

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Abstract

This paper considers the impact of education and training on both individual and co-worker pay and establishment performance using the matched employer-employee data in WERS 2004, the panel dataset 1998-2004 and the new Financial Performance Questionnaire. This enables us to assess the impact of workplace education and training using both subjective (managers’ assessments) and objective data on productivity, profits and establishment survival. We establish that workplace education and training can have positive impacts on establishment financial performance, survival and growth. In contrast to extant studies, it was found that the square and the interaction between own and co-workers years of training also have a positive and significant impact on hourly pay. We find evidence indicating that establishments with 60% or more of workers trained have a higher establishment performance and also have a powerful impact on the likelihood of establishment survival.

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Publisher Info
Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 2774.

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Length: 36 pages
Date of creation: May 2007
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Handle: RePEc:iza:izadps:dp2774

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Related research
Keywords: human capital spillovers education training productivity profitability establishment survival

Find related papers by JEL classification:
I2 - Health, Education, and Welfare - - Education
J4 - Labor and Demographic Economics - - Particular Labor Markets

This paper has been announced in the following NEP Reports:

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. Kremer, Michael, 1993. "The O-Ring Theory of Economic Development," The Quarterly Journal of Economics, MIT Press, vol. 108(3), pages 551-75, August. [Downloadable!] (restricted)
  2. B. Wolfe & S. Zuvekas, . "Nonmarket outcomes of schooling," Institute for Research on Poverty Discussion Papers 1065-95, University of Wisconsin Institute for Research on Poverty. [Downloadable!]
  3. 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)
  4. Battu, Harminder & Belfield, Clive R. & Sloane, Peter J., 2001. "Human Capital Spill-Overs Within the Workplace," IZA Discussion Papers 404, Institute for the Study of Labor (IZA). [Downloadable!]
  5. Idson, Todd L & Kahane, Leo H, 2000. "Team Effects on Compensation: An Application to Salary Determination in the National Hockey League," Economic Inquiry, Oxford University Press, vol. 38(2), pages 345-57, April.
    Other versions:
  6. L Feinstein & Fernando Galindo-Rueda & Anna Vignoles, 2004. "The Labour Market Impact of Adult Education and Training: A cohort analysis," CEE Discussion Papers 0036, Centre for the Economics of Education, LSE. [Downloadable!]
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  7. William Collier & Francis Green & John Peirson, 2005. "Training And Establishment Survival," Scottish Journal of Political Economy, Scottish Economic Society, vol. 52(5), pages 710-735, November. [Downloadable!] (restricted)
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  8. Harminder Battu & Clive R. Belfield & Peter J. Sloane, 2003. "Human Capital Spillovers within the Workplace: Evidence for Great Britain," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 65(5), pages 575-594, December. [Downloadable!] (restricted)
  9. Edward P. Lazear, 2000. "Economic Imperialism," The Quarterly Journal of Economics, MIT Press, vol. 115(1), pages 99-146, February. [Downloadable!] (restricted)
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  10. 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. [Downloadable!] (restricted)
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  11. Moulton, Brent R, 1987. "Diagnostics for Group Effects in Regression Analysis," Journal of Business & Economic Statistics, American Statistical Association, vol. 5(2), pages 275-82, April.
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