EIB Working Paper 2023/01 : advanced digital technologies and investment in employee training : complements or substitutes? / / Giorgio Brunello

• Autore: Brunello Giorgio
• Pubblicazione: [Place of publication not identified] : , : European Investment Bank, , 2023
• Descrizione fisica: 1 online resource (52 pages) : illustrations
• Disciplina: 004
• Soggetto topico: Information technology; Information technology - Security measures
• Sommario/riassunto: Using firm-level data covering the 27 EU countries, the UK and the US, we show that employers tend to reduce investment in training per employee after adopting advanced digital technologies (ADT). We estimate with a control function approach firm-level production functions augmented with two factors, the training stock per employee and digital technology use. We show that ADT use and employee training are substitutes in production, implying that an increase in the former negatively affects the marginal productivity of the latter, and that a decline in the cost of introducing ADT reduces employers' investment in training per employee. These findings point to challenges in realizing high levels of firm-sponsored training for employees in increasingly digital economies.
• Altri titoli varianti: EIB Working Paper 2023/01 - Advanced digital technologies and investment in employee training
• Titolo autorizzato: EIB Working Paper 2023
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910719763103321
• Lo trovi qui: Univ. Federico II