Working Paper No. 455

Cost and Productivity Effects of Firm Financed Training

Published: April 1996Pages: 47Keywords: ENTERPRISES; TRAINING; WORKERS; PRODUCTIVITYJEL-codes: C51; D21; J24; J31

Cost and Productivity Effects of Firm Financed Training Eugenia Kazamaki Ottersten, Thomas Lindh and Erik Mellander


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.

An Agenda for Europe

Institutional Reform for Innovation and Entrepreneurship

Omslag 2017 Institutional Reform for Innovation and Entrepreneurship.jpg

The authors of this book, Niklas Elert, Magnus Henrekson and Mikael Stenkula, advise the economies of the European Union to become more entrepreneurial in promoting innovation and economic growth. The authors propose a reform strategy with respect to several aspects to achieve this goal.

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