Discussion Paper 23

Human capital spillovers: The importance of training

Mary O'Mahony* and Rebecca Riley**

 

*Birmingham Business School, University of Birmingham
**National Institute of Economic and Social Research and LLAKES

 

Abstract

The economic returns to education are often thought to exceed the earnings premium received by educated workers due to the presence of knowledge spillovers. This study examines the magnitude of such spillover effects at sector level using longitudinal data on workers in four European countries. We find that the spillover effects from education to workers in the same sector and country increase with employers' investments in training.


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Human capital spillovers: The importance of training

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Judith Harris

 

Birmingham Business School
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This project is funded by the European Commission, Research Directorate General as part of the 7th Framework Programme, Theme 8: Socio-Economic Sciences and Humanities.

Grant Agreement no:244 709

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