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Technical Change and the Returns and Investments in Firm-level Training: Evidence from Thailand

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  • Futoshi Yamauchi
  • Nipon Poapongsakorn
  • Nipa Srianant

Abstract

This paper examines determinants of investments in and returns to training with focus on technical changes using employee panel data in Thai manufacturing industries. Empirical findings demonstrate significant returns to both on-the-job and off-the-job training in first-difference fixed effect estimation of wage equations, controlling for technical changes which differentially influence training investments and the returns. First, returns to informal on-the-job training are robust, contrary to findings from developed countries. Second, technical change induces both on-the-job and off-the-job training, and controlling for technical change makes returns to on-the-job training even larger. Implications for training and education policies are discussed.

Suggested Citation

  • Futoshi Yamauchi & Nipon Poapongsakorn & Nipa Srianant, 2009. "Technical Change and the Returns and Investments in Firm-level Training: Evidence from Thailand," Journal of Development Studies, Taylor & Francis Journals, vol. 45(10), pages 1633-1650.
    • Handle: RePEc:taf:jdevst:v:45:y:2009:i:10:p:1633-1650
    DOI: 10.1080/00220380903012748
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    References listed on IDEAS

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    1. Booth, Alison L. & Bryan, Mark L., 2002. "Who Pays for General Training? New Evidence for British Men and Women," IZA Discussion Papers 486, Institute of Labor Economics (IZA).
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    Cited by:

    1. Yamauchi, Futoshi, 2015. "Wage dynamics, turnover, and human capital : evidence from adolescent transition from school to work in the Philippines," Policy Research Working Paper Series 7184, The World Bank.
    2. Luz Adriana Florez & Lina Cardona-Sosa & Leonardo Fabio Morales & Julian Londoño, 2018. "The Returns from Training in Colombia: Evidence from a Longitudinal Survey," Borradores de Economia 1048, Banco de la Republica de Colombia.
    3. Benedikte Bjerge & Nina Torm & Neda Trifković, 2016. "Gender matters: Private sector training in Vietnamese SMEs," WIDER Working Paper Series wp-2016-149, World Institute for Development Economic Research (UNU-WIDER).
    4. World Bank, 2012. "Leading with Ideas : Skills for Growth and Equity in Thailand," World Bank Publications - Reports 2732, The World Bank Group.
    5. Benedikte Bjerge & Nina Torm & Neda Trifkovic, 2016. "Gender matters: Private sector training in Vietnamese SMEs," WIDER Working Paper Series 149, World Institute for Development Economic Research (UNU-WIDER).

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