Men at Work in a Land Down-under
We use new training data from waves 3-6 of the Household, Income and Labour Dynamics in Australia Survey to investigate the training and wages of full-time men. We explore the extent to which the data are consistent with the predictions of human capital theory or with recent alternative theories based on imperfectly competitive labour markets. According to the raw data, most work-related training received by full-time private sector men is general but it is also paid for by employers. Our fixed effects estimates reveal that this training is associated with higher wages in current and in future firms, and that the effect in future firms is larger and more precisely determined. These results are more consistent with the predictions of human capital theory based on imperfectly competitive labour markets than with the alternative of perfect competition.
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- Arulampalam, Wiji & Booth, Alison L. & Bryan, Mark L., 2003.
"Training in Europe,"
ISER Working Paper Series
2003-23, Institute for Social and Economic Research.
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- Francis Green & Stephen Machin & David Wilkinson, 1999.
"Trade Unions and Training Practices in British Workplaces,"
Cornell University, ILR School, vol. 52(2), pages 179-195, January.
- F. Green & Stephen Machin & D. Wilkinson, 1996. "Trade unions and training practices in British workplaces," LSE Research Online Documents on Economics 20684, London School of Economics and Political Science, LSE Library.
- F Green & Stephen Machin & D Wilkinson, 1996. "Trade Unions and Training Practices in British Workplaces," CEP Discussion Papers dp0278, Centre for Economic Performance, LSE.
- Andrea Bassanini & Alison Booth & Giorgio Brunello & Maria De Paola & Edwin Leuven, 2006.
"Workplace training in Europe,"
- Lynch, Lisa M, 1992. "Private-Sector Training and the Earnings of Young Workers," American Economic Review, American Economic Association, vol. 82(1), pages 299-312, March.
- Joan R. Rodgers, 2004. "Hourly Wages of full-time and part-time employees in Australia," Australian Journal of Labour Economics (AJLE), Bankwest Curtin Economics Centre (BCEC), Curtin Business School, vol. 7(2), pages 231-254, June.
- Alison L. Booth & Mark L. Bryan, 2005. "Testing Some Predictions of Human Capital Theory: New Training Evidence from Britain," The Review of Economics and Statistics, MIT Press, vol. 87(2), pages 391-394, May.
- Paul W. Miller, 1994. "Gender Discrimination in Training: An Australian Perspective," British Journal of Industrial Relations, London School of Economics, vol. 32(4), pages 539-564, December.
- Stevens, Margaret, 1994. "A Theoretical Model of On-the-Job Training with Imperfect Competition," Oxford Economic Papers, Oxford University Press, vol. 46(4), pages 537-62, October.
- Francis Green & Stephen Machin & David Wilkinson, 1999. "Trade unions and training practices in British workplaces," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 52(2), pages 179-195, January.
- John M. Barron & Mark C. Berger & Dan A. Black, 1999. "Do Workers Pay for On-The-Job Training?," Journal of Human Resources, University of Wisconsin Press, vol. 34(2), pages 235-252.
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