Do Dominant Firms Provide More Training?
This paper examines the relationship between firm-specific training and product market competition. A canonical Cournot competition model shows that the profitability of training investments increases as the number of competitors decreases. Empirical evidence from British establishments in 1998, 2004 and 2011 confirms that a critical form of specific training, cross-training, is far more extensive in less competitive product markets. This persists within all three separate cross-sections and in two separate panel estimates and suggests that a dominant product market position increases the incentives to invest in specific human capital.
|Date of creation:||May 2014|
|Date of revision:|
|Contact details of provider:|| Web page: http://www.econ.ucy.ac.cy|
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.:
- Alan B. Krueger, 1991.
"How Computers Have Changed the Wage Structure: Evidence From Microdata, 1984-1989,"
NBER Working Papers
3858, National Bureau of Economic Research, Inc.
- Alan B. Krueger, 1993. "How Computers Have Changed the Wage Structure: Evidence from Microdata, 1984–1989," The Quarterly Journal of Economics, Oxford University Press, vol. 108(1), pages 33-60.
- Tito Boeri & Jan van Ours, 2013. "The Economics of Imperfect Labor Markets: Second Edition," Economics Books, Princeton University Press, edition 1, number 10142, 01-2013.
- Derek C. Jones & Panu Kalmi & Antti Kauhanen, 2012.
"The effects of general and firm-specific training on wages and performance: evidence from banking,"
Oxford Economic Papers,
Oxford University Press, vol. 64(1), pages 151-175, January.
- Jones, Derek & Kalmi, Panu & Kauhanen, Antti, 2009. "The Effects of General and Firm-Spesific Training on Wages and Performance: Evidence from Banking," Discussion Papers 1184, The Research Institute of the Finnish Economy.
- Bassanini, Andrea & Brunello, Giorgio, 2007.
"Barriers to Entry, Deregulation and Workplace Training,"
IZA Discussion Papers
2746, Institute for the Study of Labor (IZA).
- Andrea Bassanini & Giorgio Brunello, 2011. "Barriers to Entry, Deregulation and Workplace Training," "Marco Fanno" Working Papers 0137, Dipartimento di Scienze Economiche "Marco Fanno".
- Laura Abramovsky & Erich Battistin & Emla Fitzsimons & Alissa Goodman & Helen Simpson, 2011. "Providing Employers with Incentives to Train Low-SkilledWorkers: Evidence from the UK Employer Training Pilots," Journal of Labor Economics, University of Chicago Press, vol. 29(1), pages 153-193, 01.
- Daron Acemoglu, 1997. "Training and Innovation in an Imperfect Labour Market," Review of Economic Studies, Oxford University Press, vol. 64(3), pages 445-464.
- Bassanini, Andrea & Booth, Alison L. & Brunello, Giorgio & De Paola, Maria & Leuven, Edwin, 2005.
"Workplace Training in Europe,"
IZA Discussion Papers
1640, Institute for the Study of Labor (IZA).
- Enrico Moretti, 2004. "Workers' Education, Spillovers, and Productivity: Evidence from Plant-Level Production Functions," American Economic Review, American Economic Association, vol. 94(3), pages 656-690, June.
- Hodaka Morita, 2002.
"Multiskilling, Delegation, and Continuous Process Improvement: A Comparative Analysis of U.S.-Japanese Work Organizations,"
Labor and Demography
- Hodaka Morita, 2005. "Multi-skilling, Delegation and Continuous Process Improvement: A Comparative Analysis of US-Japanese Work Organizations," Economica, London School of Economics and Political Science, vol. 72(285), pages 69-93, 02.
- 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.
- Giorgio Brunello & Francesca Gambarotto, 2006.
"Do Spatial Agglomeration and Local Labor Market Competition Affect Employer - Provided Training? Evidence from the UK,"
"Marco Fanno" Working Papers
0018, Dipartimento di Scienze Economiche "Marco Fanno".
- Brunello, Giorgio & Gambarotto, Francesca, 2007. "Do spatial agglomeration and local labor market competition affect employer-provided training? Evidence from the UK," Regional Science and Urban Economics, Elsevier, vol. 37(1), pages 1-21, January.
- Richard Blundell & Lorraine Dearden & Costas Meghir & Barbara Sianesi, 1999. "Human capital investment: the returns from education and training to the individual, the firm and the economy," Fiscal Studies, Institute for Fiscal Studies, vol. 20(1), pages 1-23, March.
- David H. Autor, 2001.
"Why Do Temporary Help Firms Provide Free General Skills Training?,"
The Quarterly Journal of Economics,
Oxford University Press, vol. 116(4), pages 1409-1448.
- David H. Autor, 2000. "Why Do Temporary Help Firms Provide Free General Skills Training?," NBER Working Papers 7637, National Bureau of Economic Research, Inc.
- Greene, W., 2001.
"Estimating Econometric Models with Fixed Effects,"
New York University, Leonard N. Stern School Finance Department Working Paper Seires
01-10, New York University, Leonard N. Stern School of Business-.
- Katja Görlitz & Joel Stiebale, 2011. "The Impact of Product Market Competition on Employers’ Training Investments. Evidence from German Establishment Panel Data," De Economist, Springer, vol. 159(1), pages 1-23, March.
- Joseph G. Altonji & James R. Spletzer, 1991. "Worker Characteristics, Job Characteristics, and the Receipt of On-the-Job Training," ILR Review, Cornell University, ILR School, vol. 45(1), pages 58-79, October.
- Lalith Munasinghe & Brendan O'Flaherty, 2005. "Specific Training Sometimes Cuts Wages and Always Cuts Turnover," Journal of Labor Economics, University of Chicago Press, vol. 23(2), pages 213-234, April.
- R. Sridhar & Anand Nayak, 2013. "Employment Relations," Management and Labour Studies, XLRI Jamshedpur, School of Business Management & Human Resources, vol. 38(4), pages 411-423, November.
- Edward P. Lazear, 2009. "Firm-Specific Human Capital: A Skill-Weights Approach," Journal of Political Economy, University of Chicago Press, vol. 117(5), pages 914-940, October.
When requesting a correction, please mention this item's handle: RePEc:ucy:cypeua:06-2014. 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: ()
If references are entirely missing, you can add them using this form.