【主题】Human Capital Investment and Development: The Role of On-the-Job Training (Joint with Alejandro Nakab and Daniela Vidart)
【摘要】Workers in richer countries experience faster rates of wage growth over their lifetimes than workers in poorer countries. We offer an explanation for this pattern by showing that workers in richer economies receive more firm-provided training. Using cross-country enterprise and worker-level data, we document that the share of workers who receive firm-provided training increases with development, and that firm-provided training is a key determinant of workers’ human capital. We then build a general equilibrium search model with firm-provided training investments. Our model suggests that firm-provided training accounts for 43% of cross-country wage growth differences and 10% of cross-country income differences.
【个人简介】Xiao Ma is an assistant professor at Peking University HSBC Business School. His research focuses on international trade and macro development. He received a Ph.D. degree in economics from the University of California, San Diego.