Working Paper Series
Eugenia Kazamaki Ottersten, Thomas Lindh and Erik Mellander
Cost and Productivity Effects of Firm Financed Training
Abstract: A quality-adjusted specification of labor is suggested
which allows firm training to affect labor efficiency. To assess the cost
and productivity effects, this specification is integrated into a flexible
neoclassical cost function. The empirical analysis uses panel data for
eight plants in the Swedish Machine Tool Industry. The econometric results
imply a high probability that training expenditures result in net decreases
in total costs. Judging from the corresponding point estimates, these cost
savings can be very large. The estimates of productivity effects are also
positive, albeit rather small.
Keywords: ENTERPRISES; TRAINING; WORKERS; PRODUCTIVITY; (follow links to similar papers)
JEL-Codes: C51; D21; J24; J31; (follow links to similar papers)
47 pages, April 9, 1996
Before downloading any of the electronic versions below
you should read our statement on
for viewing Postscript files and the
Acrobat Reader for viewing and printing pdf files.
Full text versions of the paper:
Questions (including download problems) about the papers in this series should be directed to Elisabeth Gustafsson ()
Report other problems with accessing this service to Sune Karlsson ()
or Helena Lundin ().
Design by Joachim Ekebom