Colombo, Emilio; Stanca, Luca - Dipartimento di Economia, Metodi Quantitativi e … - 2008
of Italian ¯rms for the period 2002 to 2005. We ¯nd that training has a positive and signi¯cant e®ect on productivity … overestimate the impact of training on productivity, while failing to account for endogeneity leads to substantially underestimate … it. Training also has a positive and signi¯cant impact on wages, but this e®ect is about half the size of the e®ect on …