In this paper the authors estimate the rate of return to firm investments in human capital in the form of formal job training. The authors use a panel of large firms with detailed information on the duration of training, the direct costs of training, and several firm characteristics. The authors estimate of the return to training are substantial (8.6 percent) for those providing training. Results suggest that formal job training is a good investment...
انظر المزيد
تفاصيل
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2008/6/01
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ورقة عمل (سلسلة مُرقمة)
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44947
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1
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1
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2010/7/01
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Disclosed
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The return to firm investments in human capital
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Internal rate of return