Technical Change and the Returns and Investments in Firm-level Training: Evidence from Thailand
利用泰国制造业员工面板数据，研究发现技术变革显著影响企业培训投资和回报，其中非正式在职培训回报稳健，且技术变革促使培训增加并提高回报。
This paper examines determinants of investments in and returns to training with focus on technical changes using employee panel data in Thai manufacturing industries. Empirical findings demonstrate significant returns to both on-the-job and off-the-job training in first-difference fixed effect estimation of wage equations, controlling for technical changes which differentially influence training investments and the returns. First, returns to informal on-the-job training are robust, contrary to findings from developed countries. Second, technical change induces both on-the-job and off-the-job training, and controlling for technical change makes returns to on-the-job training even larger. Implications for training and education policies are discussed.