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| Author: | Sepulveda, F. |
| Title: | Training and productivity: Evidence for US manufacturing industries |
| Journal: | Oxford Economic Papers
2010 : JUL, VOL. 62:3, p. 504-528 |
| Index terms: | training productivity PAY growth human capital |
| Language: | eng |
| Abstract: | This paper examines the role of formal training programs in productivity growth and wage growth. The study uses a panel of two digit manufacturing industries. The findings reveal that there is evidence for positive and decreasing effects of on-the-job training (OJT) in human capital accumulation and therefore productivity. However, there is only weak evidence that OJT affects wage growth, suggesting that the firm appropriates most of the benefits from OJT programs. On the other hand, off-the-job training has no effects on industrial productivity or wages. |
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