Who benefits from training and R&D, the firm or the workers?

Date

2006-09-01

Author

Ballot, Gerard
Fakhfakh, Fathi
Taymaz, Erol

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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

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The present paper offers a novel study of the effects of intangible assets on wages and productivity. Training, R&D and physical capital are all taken into account, and their joint effects are examined. We use panels of firms in order to control for unobserved fixed effects and the potential endogeneity of training and R&D, using data for France and Sweden. The estimation of productivity and wage equations allows us to show how the benefits of investment in physical capital, training and R&D are shared between the firm and the workers. We found that firms indeed obtain the largest part of the returns to their investments, but their share is relatively lower for intangible assets (R&D and training) than for physical capital.

Subject Keywords

Human-resource management, Productivity, Investment, Model, Wages, Performance, Company, Growth, Panel

URI

https://hdl.handle.net/11511/33093

Journal

BRITISH JOURNAL OF INDUSTRIAL RELATIONS

DOI

https://doi.org/10.1111/j.1467-8543.2006.00509.x

Collections

Department of Economics, Article

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Citation Formats

G. Ballot, F. Fakhfakh, and E. Taymaz, “Who benefits from training and R&D, the firm or the workers?,” BRITISH JOURNAL OF INDUSTRIAL RELATIONS, pp. 473–495, 2006, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/33093.