A paper co-authored by Derek Jones, Irma M. and Robert D. Morris Professor of Economics, was recently published online in Oxford Economic Papers. “The effects of general and firm-specific training on wages and performance: evidence from banking” was written with Panu Kalmi of Aalto University School of Economics in Aalto, Finland, and Antti Kauhanen of The Research Institute of the Finnish Economy in Helsinki.
Using data for Finnish cooperative banks, the paper compares the effect of general and firm-specific training on wages and performance. The authors found that worker outcomes were improved by training far more than was organizational performance.
