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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...
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In this paper the issues from the personnel economics has been investigated. The issues such as training of workers … from Becker's human capital theory and their association with the workers' productivity. In the second part of the paper …
Persistent link: https://www.econbiz.de/10010371870
In this paper the issues from the personnel economics has been investigated. The issues such as training of workers … from Becker’s human capital theory and their association with the workers’ productivity. In the second part of the paper …
Persistent link: https://www.econbiz.de/10014149205
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