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Who benefits from training and R&D: The firm or the workers? A study on panels of French and Swedish firms Author info | Abstract | Publisher info | Download info | Related research | Statistics Gérard Ballot () (ERMES, Université Paris II,)
Fathi Fakhfakh (ERMES, Université Paris II,)
Erol Taymaz () (Department of Economics, METU)
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registered author(s):
The present paper offers a novel study of the effects of intangible assets on wages and productivity. Training, R&D, and physical capital are all taken into account, and their joint effects examined. We use panels of firms in order to control for unobserved fixed effects and the potential endogeneity of training and R&D, and have been able to obtain data for two different countries, France and Sweden, in order to explore the effects of institutional or national specificity. The estimation of productivity and wage equations allows us to show how the benefits of investment in physical capital, R&D and training are shared between the firm and the workers. Although the workers obtain significant benefits, the study shows that the firm obtains the largest return on the investments it makes. This is true not only for physical capital and R&D, but also for training. It suggests that firms can rationally invest in training and that the issue of under-investment in training should be re-examined.
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Paper provided by ERC - Economic Research Center, Middle East Technical University in its series ERC Working Papers with number
0201.
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Length: 30 pages
Date of creation: Jan 2002Date of revision:
Jan 2002Handle: RePEc:met:wpaper:0201Contact details of provider: Web page: http://www.erc.metu.edu.tr More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: (Erol Taymaz).
Keywords: Training ; R&D ; productivity ; wages ; Find related papers by JEL classification: J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity D24 - Microeconomics - - Production and Organizations - - - Production; Capital and Total Factor Productivity; Capacity O30 - Economic Development, Technological Change, and Growth - - Technological Change - - - General
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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.)
F. Fakhfakh & F. Fitzroy, 2003.
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Fathi Fakhfakh & Felix FitzRoy, 2002.
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"Basic Wages and Firm Characteristics: Rent Sharing in French Manufacturing ,"
LABOUR ,
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"Wage and Productivity Effect of Continuing Training in Germany: A Sectoral Analysis ,"
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Anja Kuckulenz, 2006.
"Wage and Productivity Effect of Continuing Training in Germany : A Sectoral Analysis ,"
Working Papers of the Research Group Heterogenous Labor
06-06, Research Group Heterogeneous Labor, University of Konstanz/ZEW Mannheim.
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