The retention effect of training - portability, visibility, and credibility


Dietz, Daniel ; Zwick, Thomas


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URL: https://ub-madoc.bib.uni-mannheim.de/40653
URN: urn:nbn:de:bsz:180-madoc-406537
Dokumenttyp: Arbeitspapier
Erscheinungsjahr: 2016
Titel einer Zeitschrift oder einer Reihe: ZEW Discussion Papers
Band/Volume: 16-011
Ort der Veröffentlichung: Mannheim
Sprache der Veröffentlichung: Englisch
Einrichtung: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC-Schriftenreihe: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Fachgebiet: 330 Wirtschaft
Fachklassifikation: JEL: J62 , J63 , M51 , M53,
Freie Schlagwörter (Englisch): Labor mobility , turnover , employment , training
Abstract: This paper analyses the effect of training participation on employees’ retention in the training company. It for the first time empirically combines the human capital and the monopsony theory by jointly controlling for the portability, visibility, and credibility of training. Based on an extensive German linked-employer-employee data set with detailed information on training history (WeLL-ADIAB), we show that training increases employees’ retention. We compare the probability to stay at the same employer between training participants and accidental training non-participants (those who could not participate in planned training on the basis of exogeneous reasons). Higher portability of general human capital contents and visibility of training induced by training certificates however reduce the retention effect of training. Retention is further reduced when training is credibly provided and certified by external institutions, the full training effect on retention is still positive, however. We are careful to control for endogeneity of training participation in retention equations, unobserved time-invariant effects, and extensive individual and employer characteristics including wage increases and general job satisfaction.




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