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The Impact of Continuous Training on a Firm’s Innovations

  • Stefan Bauernschuster

    ()

    (University of Passau)

  • Oliver Falck

    ()

    (Ifo Institute for Economic Research, University of Munich)

  • Stephan Heblich

    ()

    (Max Planck Institute of Economics, Jena)

Keeping up with rapid technological change necessitates constant innovation. Successful innovation depends on both incumbent workers’ knowledge, based on experience, and knowledge about the latest technologies, along with the skills needed to implement them. Both of these knowledge-based elements of innovation can be attained through moderate labor force turnover in combination with continuous training. Based on German micro data, we find empirical evidence in support of training leading to innovation within a multivariate regression framework. However, when instrumenting training by the existence of a union’s contract or a works council this impact disappears.

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File URL: http://repec.business.uzh.ch/RePEc/iso/leadinghouse/0024_lhwpaper.pdf
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Paper provided by University of Zurich, Institute for Strategy and Business Economics (ISU) in its series Economics of Education Working Paper Series with number 0024.

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Length: 32 pages
Date of creation: Mar 2008
Date of revision:
Handle: RePEc:iso:educat:0024
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