Profit Sharing and Training*
研究了利润分享对培训强度的影响，发现只有当大多数员工受益时，利润分享才显著提升培训强度，使用德国企业数据并采用匹配与双重差分法消除选择性偏差。
Abstract We analyze the impact of profit sharing on training intensity. Profit sharing may affect training because it is a credible commitment by firms to reward firm‐specific skills, may reduce turnover and leads to peer group pressure to participate in training courses. To eliminate possible selectivity effects, we combine matching with difference‐in‐differences. We identify the proportion of employees participating in profits and differentiate profit sharing according to the percentage of the workers covered. Using German establishment data we find that profit sharing only has a significant effect on training intensity if the majority of the workforce benefits from it.