Human Capital Spillovers and Economic Performance in the Workplace in 2004: Some British Evidence
This paper considers the impact of education and training on both individual and co-worker pay and establishment performance using the matched employer-employee data in WERS 2004, the panel dataset 1998-2004 and the new Financial Performance Questionnaire. This enables us to assess the impact of workplace education and training using both subjective (managers’ assessments) and objective data on productivity, profits and establishment survival. We establish that workplace education and training can have positive impacts on establishment financial performance, survival and growth. In contrast to extant studies, it was found that the square and the interaction between own and co-workers years of training also have a positive and significant impact on hourly pay. We find evidence indicating that establishments with 60% or more of workers trained have a higher establishment performance and also have a powerful impact on the likelihood of establishment survival.
|Date of creation:||May 2007|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: +49 228 3894 223
Fax: +49 228 3894 180
Web page: http://www.iza.org
|Order Information:|| Postal: IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany|
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- L Feinstein & Fernando Galindo-Rueda & Anna Vignoles, 2004.
"The Labour Market Impact of Adult Education and Training: A cohort analysis,"
CEE Discussion Papers
0036, Centre for the Economics of Education, LSE.
- Anna Vignoles & Fernando Galindo-Rueda & Leon Feinstein, 2004. "The Labour Market Impact of Adult Education and Training: A Cohort Analysis," Scottish Journal of Political Economy, Scottish Economic Society, vol. 51(2), pages 266-280, 05.
- Leon Feinstein & Fernando Galindo-Rueda & Anna Vignoles, 2004. "The labour market impact of adult education and training: a cohort analysis," LSE Research Online Documents on Economics 19470, London School of Economics and Political Science, LSE Library.
- Edward P. Lazear, 2000.
The Quarterly Journal of Economics,
MIT Press, vol. 115(1), pages 99-146, February.
- William Collier & Francis Green & John Peirson, 2005.
"Training And Establishment Survival,"
Scottish Journal of Political Economy,
Scottish Economic Society, vol. 52(5), pages 710-735, November.
- William Collier & Francis Green & John Peirson & David Wilkinson, 2002. "Training and Establishment Survival," Studies in Economics 0208, School of Economics, University of Kent.
- Collier, William & Francis Green & John Peirson & David Wilkinson, 2003. "Training and Establishment Survival," Royal Economic Society Annual Conference 2003 48, Royal Economic Society.
- Idson, T. & Kahane, L.H., 1995.
"Team Effects on Compensation : An Application to Salary Determinantion in the National Hokey League,"
1995_14, Columbia University, Department of Economics.
- Idson, Todd L & Kahane, Leo H, 2000. "Team Effects on Compensation: An Application to Salary Determination in the National Hockey League," Economic Inquiry, Western Economic Association International, vol. 38(2), pages 345-57, April.
- Lorraine Dearden & Howard Reed & John Van Reenen, 2005.
"The impact of training on productivity and wages: evidence from British panel data,"
IFS Working Papers
W05/16, Institute for Fiscal Studies.
- Lorraine Dearden & Howard Reed & John Van Reenen, 2006. "The Impact of Training on Productivity and Wages: Evidence from British Panel Data," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 68(4), pages 397-421, 08.
- Lorraine Dearden & Howard Reed & John Van Reenen, 2005. "The Impact of Training on Productivity and Wages: Evidence from British Panel Data," CEP Discussion Papers dp0674, Centre for Economic Performance, LSE.
- Lorraine Dearden & Howard Reed & John Van Reenen, 2005. "The impact of training on productivity and wages : evidence from British panel data," Economic History Working Papers 779, London School of Economics and Political Science, Department of Economic History.
- B. Wolfe & S. Zuvekas, . "Nonmarket outcomes of schooling," Institute for Research on Poverty Discussion Papers 1065-95, University of Wisconsin Institute for Research on Poverty.
- Moulton, Brent R, 1987. "Diagnostics for Group Effects in Regression Analysis," Journal of Business & Economic Statistics, American Statistical Association, vol. 5(2), pages 275-82, April.
- Harminder Battu & Clive R. Belfield & Peter J. Sloane, 2003. "Human Capital Spillovers within the Workplace: Evidence for Great Britain," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 65(5), pages 575-594, December.
- Kremer, Michael, 1993. "The O-Ring Theory of Economic Development," The Quarterly Journal of Economics, MIT Press, vol. 108(3), pages 551-75, August.
- Battu, Harminder & Belfield, Clive R. & Sloane, Peter J., 2001. "Human Capital Spill-Overs Within the Workplace," IZA Discussion Papers 404, Institute for the Study of Labor (IZA).
- Loewenstein, Mark A & Spletzer, James R, 1998. "Dividing the Costs and Returns to General Training," Journal of Labor Economics, University of Chicago Press, vol. 16(1), pages 142-71, January.
When requesting a correction, please mention this item's handle: RePEc:iza:izadps:dp2774. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mark Fallak)
If references are entirely missing, you can add them using this form.