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Who Benefits from Training and R&D, the Firm or the Workers?

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  • Gérard Ballot
  • Fathi Fakhfakh
  • Erol Taymaz

Abstract

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 are examined. We use panels of firms in order to control for unobserved fixed effects and the potential endogeneity of training and R&D, using data for France and Sweden. The estimation of productivity and wage equations allows us to show how the benefits of investment in physical capital, training and R&D are shared between the firm and the workers. We found that firms indeed obtain the largest part of the returns to their investments, but their share is relatively lower for intangible assets (R&D and training) than for physical capital. Copyright Blackwell Publishing Ltd/London School of Economics 2006.

Suggested Citation

  • Gérard Ballot & Fathi Fakhfakh & Erol Taymaz, 2006. "Who Benefits from Training and R&D, the Firm or the Workers?," British Journal of Industrial Relations, London School of Economics, vol. 44(3), pages 473-495, September.
  • Handle: RePEc:bla:brjirl:v:44:y:2006:i:3:p:473-495
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    References listed on IDEAS

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    1. S. Dobbelaere, 2003. "Joint Estimation of Price-Cost Margins and Union Bargaining Power for Belgian Manufacturing," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 03/171, Ghent University, Faculty of Economics and Business Administration.
    2. Lisa M. Lynch, 1994. "Training and the Private Sector: International Comparisons," NBER Books, National Bureau of Economic Research, Inc, number lync94-1, October.
    3. Pierre Béret & Arnaud Dupray, 1998. "Valorisation salariale de la formation continue en France et en Allemagne," Working Papers halshs-00006122, HAL.
    4. Lynch, Lisa M. (ed.), 1994. "Training and the Private Sector," National Bureau of Economic Research Books, University of Chicago Press, number 9780226498102, October.
    5. Lisa M. Lynch, 1994. "Introduction to "Training and the Private Sector"," NBER Chapters,in: Training and the Private Sector: International Comparisons, pages 1-24 National Bureau of Economic Research, Inc.
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