The return to firm investments in human capital

被引：65

作者：

Almeida, Rita ^{[1
]}

Carneiro, Pedro ^{[2
]}

机构：

[1] World Bank, Washington, DC 20433 USA

[2] UCL, Inst Fiscal Studies, London WC1E 6BT, England

来源：

LABOUR ECONOMICS | 2009年 / 16卷 / 01期

基金：

英国经济与社会研究理事会;

关键词：

On-the-job training; Panel data; Production function; Rate of return; PRODUCTIVITY; WAGES;

D O I：

10.1016/j.labeco.2008.06.002

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this paper we estimate the rate of return to firm investments in human capital in the form of formal job training. We use a panel of large firms with detailed information oil the duration of training, the direct costs of training, and several firm characteristics. Our estimates of the return to training are substantial (8.6%) for those providing training. Results suggest that formal job training is a good investment for these firms possibly yielding comparable returns to either investments in physical capital or investments in schooling. (C) 2008 Elsevier B.V. All rights reserved.

引用

页码：97 / 106

页数：10

共 50 条

[1] The risk and return of human capital investments
Koerselman, Kristian
Uusitalo, Roope
[J]. LABOUR ECONOMICS, 2014, 30 : 154 - 163
[2] Human Capital and Information Technology Capital Investments for Firm Innovation: Curvilinear Explanations
Dong, John Qi
He, Jinyu
Karhade, Prasanna
[J]. E-LIFE: WEB-ENABLED CONVERGENCE OF COMMERCE, WORK, AND SOCIAL LIFE, 2012, 108 : 334 - 346
[3] ZEALOTS AND MALINGERERS - RESULTS OF FIRM-SPECIFIC HUMAN CAPITAL INVESTMENTS
JOHNSON, T
[J]. SOUTHERN ECONOMIC JOURNAL, 1975, 41 (04) : 613 - 626
[4] Women, Men, and Human Capital Development in the Public Sector: Return on Investments.
Deitch, Cynthia
[J]. JOURNAL OF WOMEN POLITICS & POLICY, 2013, 34 (03) : 295 - 297
[5] Performance measurement and evaluation: applying return on investment (ROI) to human capital investments
Dadd, Deneise
Hinton, Matthew
[J]. INTERNATIONAL JOURNAL OF PRODUCTIVITY AND PERFORMANCE MANAGEMENT, 2023, 72 (09) : 2736 - 2764
[6] Capital investments in the agricultural sector - return and risk
Fraunhoffer, Robert
Schiereck, Dirk
Stimeier, Sergej
[J]. BERICHTE UBER LANDWIRTSCHAFT, 2013, 91 (02):
[7] HUMAN CAPITAL MATTERS: MARKET VALUATION OF FIRM INVESTMENTS IN TRAINING AND THE ROLE OF COMPLEMENTARY ASSETS
Riley, Shawn M.
Michael, Steven C.
Mahoney, Joseph T.
[J]. STRATEGIC MANAGEMENT JOURNAL, 2017, 38 (09) : 1895 - 1914
[8] FIRM-SPECIFIC HUMAN CAPITAL INVESTMENTS AS A SIGNAL OF GENERAL VALUE: REVISITING ASSUMPTIONS ABOUT HUMAN CAPITAL AND HOW IT IS MANAGED
Morris, Shad S.
Alvarez, Sharon A.
Barney, Jay B.
Molloy, Janice C.
[J]. STRATEGIC MANAGEMENT JOURNAL, 2017, 38 (04) : 912 - 919
[9] Violence and Human Capital Investments
Koppensteiner, Martin Foureaux
Menezes, Livia
[J]. JOURNAL OF LABOR ECONOMICS, 2021, 39 (03) : 787 - 823
[10] Public Information and Efficient Capital Investments: Implications for the Cost of Capital and Firm Values
Christensen, Peter O.
Frimor, Hans
[J]. ACCOUNTING REVIEW, 2020, 95 (05): : 57 - 93

← 1 2 3 4 5 →