Labor productivity and vocational training: evidence from Europe

In this paper we show that vocational training is an important determinant of productivity growth. We construct a multy-country, multi-sectoral dataset, and quantify empirically to what extent vocational training has contributed to increase the growth rate of labor productivity in Europe between 199...

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Bibliographic Details
Published in:Journal of productivity analysis 2013-08, Vol.40 (1), p.31-41
Main Authors: Sala, Hector, Silva, José I.
Format: Article
Language:English
Subjects:
Accounting/Auditing
Capital depreciation
Capital goods
Econometrics
Economic growth
Economic growth models
Economic models
Economic statistics
Economic theory
Economics
Economics and Finance
Education
Emerging technology
Employees
Growth models
Growth rate
Human capital
Job training
Labor economics
Labor productivity
Microeconomics
Operations Research/Decision Theory
Productivity
Productivity growth
Research & development expenditures
Skills
Studies
Technology
Technology adoption
Training
Vocational education
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Description
Summary:In this paper we show that vocational training is an important determinant of productivity growth. We construct a multy-country, multi-sectoral dataset, and quantify empirically to what extent vocational training has contributed to increase the growth rate of labor productivity in Europe between 1999 and 2005. We find that one extra hour of training per employee accelerates the rate of productivity growth by around 0.55 % points.
ISSN:0895-562X
1573-0441
DOI:10.1007/s11123-012-0304-0