The Return to Firm Investments in Human Capital

In this paper, we estimate the rate of return to firm investments in human capital in the form of formal job training. We use a panel of large firms with detailed information on the duration of training, the direct costs of training, and several firm characteristics. Our estimates of the return to t...

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Bibliographic Details
Main Authors: Almeida, Rita, Carneiro, Pedro
Format: Journal Article
Published: 2012
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