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

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dc.contributor.authorBooth, Alison
dc.contributor.authorBryan, Mark L
dc.date.accessioned2015-12-13T22:45:57Z
dc.date.issued2005
dc.date.updated2015-12-11T10:26:13Z
dc.description.abstractWe 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.
dc.identifier.issn0034-6535
dc.identifier.urihttp://hdl.handle.net/1885/80041
dc.publisherMIT Press
dc.sourceReview of Economics and Statistics
dc.titleTesting Some Predictions of Human Capital Theory: New Training Evidence from Britain
dc.typeJournal article
local.bibliographicCitation.issue2
local.bibliographicCitation.lastpage393
local.bibliographicCitation.startpage391
local.contributor.affiliationBooth, Alison, College of Business and Economics, ANU
local.contributor.affiliationBryan, Mark L, University of Essex
local.contributor.authoruidBooth, Alison, u4043220
local.description.embargo2037-12-31
local.description.notesImported from ARIES
local.description.refereedYes
local.identifier.absfor140211 - Labour Economics
local.identifier.ariespublicationMigratedxPub8379
local.identifier.citationvolume87
local.identifier.doi10.1162/0034653053970357
local.identifier.scopusID2-s2.0-20444420198
local.type.statusPublished Version

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