Human capital spillovers: The importance of training

Pub. Date
05 December, 2012
Pub. Type

The economic returns to education are often thought to exceed the earnings premium received by educated workers due to the presence of knowledge spillovers. This study examines the magnitude of such spillover effects at sector level using longitudinal data on workers in four European countries. We find that the spillover effects from education to workers in the same sector and country increase with employers' investments in training.