Testing Some Predictions of Human Capital Theory: New Training Evidence from Britain

Alison Booth, Mark L Bryan

    Research output: Contribution to journalArticle

    Abstract

    We confront the predictions of various theories with new training data from the British Household Panel Survey. We find that employer-financed training is associated with significantly higher wages at current and future firms, with a larger impact in future firms. This is consistent with human capital theory with credit constraints and with the new training literature assuming imperfectly competitive labor markets.
    Original languageEnglish
    Pages (from-to)391-393
    JournalReview of Economics and Statistics
    Volume87
    Issue number2
    DOIs
    Publication statusPublished - 2005

    Fingerprint Dive into the research topics of 'Testing Some Predictions of Human Capital Theory: New Training Evidence from Britain'. Together they form a unique fingerprint.

    Cite this