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The Provision and Effects of Company Training: A Brief Review of the Literature

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  • Rita Asplund

Abstract

This paper reviews recent empirical research on economic benefits of company-provided training in search for answers to questions such as: What kinds of training do companies provide? Who is trained? How intensively? For what reason? Do trained employees experience an earnings advantage over non-trained? Does training enhance employability, mobility, and promotion? Do companies, and the society at large, benefit from these investments? Despite growing interest in these questions, our current knowledge on the economic role of company-provided training demands great cautiousness in drawing policy implications concerning the crucial questions of inequality of access to company training and training market failures, among others.

Suggested Citation

  • Rita Asplund, 2005. "The Provision and Effects of Company Training: A Brief Review of the Literature," Nordic Journal of Political Economy, Nordic Journal of Political Economy, vol. 31, pages 47-73.
  • Handle: RePEc:noj:journl:v:31:y:2005:p:47-73
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    Cited by:

    1. Pfeifer, Christian, 2013. "Intra-firm Wage Compression and Cost Coverage of Training: Evidence from Linked Employer-Employee Data," Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 80030, Verein für Socialpolitik / German Economic Association.
    2. Pfeifer, Christian & Janssen, Simon & Yang, Philip & Backes-Gellner, Uschi, 2011. "Effects of Training on Employee Suggestions and Promotions in an Internal Labor Market," IZA Discussion Papers 5671, Institute for the Study of Labor (IZA).
    3. Francisca Bremberger & Rudolf Hochholzer & Peter Huber, 2016. "Labour Turnover, Employment Density and Employer Provided Training: Evidence from Vienna," European Journal of Business Science and Technology, Mendel University in Brno, Faculty of Business and Economics, vol. 2(1), pages 5-22, November.
    4. Caliendo, Marco & Cobb-Clark, Deborah A. & Seitz, Helke & Uhlendorff, Arne, 2016. "Locus of Control and Investment in Training," IZA Discussion Papers 10406, Institute for the Study of Labor (IZA).
    5. Maliranta, Mika & Asplund, Rita, 2007. "Training and Hiring Strategies to Improve Firm Performance," Discussion Papers 1105, The Research Institute of the Finnish Economy.
    6. Uschi Backes-Gellner & Shiho Futagami & Silvia Teuber & Andrea Willi, 2013. "Differences in Initial Training and Wages of Japanese Engineering and Retailing Companies - Who Pays for Higher Training Costs?," Economics of Education Working Paper Series 0090, University of Zurich, Department of Business Administration (IBW).
    7. Blyde, Juan, 2016. "Exports and Labor Skills: The Role of Training," MPRA Paper 72150, University Library of Munich, Germany.
    8. Frosch, Katharina & Göbel, Christian & Zwick, Thomas, 2011. "Separating wheat and chaff: age-specific staffing strategies and innovative performance at the firm level
      [Den Weizen von der Spreu trennen: Altersbezogene Personalpolitik und Innovationen auf der
      ," ZEW Discussion Papers 11-047, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    9. Pahnke, André & Icks, Annette & Kay, Rosemarie, 2013. "Übernahme von Auszubildenden: Betriebsgrößenspezifische Analysen," IfM-Materialien 221, Institut für Mittelstandsforschung (IfM) Bonn.
    10. Yuki, Kazuhiro, 2009. "Government and human capital in a model of development through modernization and specialization," MPRA Paper 19760, University Library of Munich, Germany.
    11. Christiane Hinerasky & Rene Fahr & Sabine Simons, 2014. "Wage Returns of Company Training - Evidence from a Comparison Group Approach," Working Papers Dissertations 17, Paderborn University, Faculty of Business Administration and Economics.

    More about this item

    JEL classification:

    • M53 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Training
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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