Table 4 Subdivided determinants of the training intensity.
From: Another piece of the puzzle: Firms’ investment in training as production of optimal skills inventory
Euro determinant | All determinants | ||
|---|---|---|---|
(1) | (2) | %change | |
Overage costs | |||
Net training costs | − 0.0507*** (0.019) | − 0.0501*** (0.019) | − 4.88% |
Retention risk | − 2.5653*** (0.793) | − 92.31% | |
Underage costs | |||
Hiring costs | 0.0098 (0.055) | − 0.0238 (0.053) | − 2.35% |
Outage costs | 0.0014* (0.001) | 0.0019** (0.001) | 0.19% |
Miscast costs | 0.7870 (0.514) | 119.68% | |
Demand structure | |||
Industry volatility | 0.0220** (0.010) | 0.0261** (0.010) | 2.64% |
Constant | − 4.0623*** (0.490) | − 2.7810*** (0.665) | |
Controls | Included | Included | Included |
Number of observations | 3252 | 3252 | 3252 |
Pseudo R2 | 0.040 | 0.044 | 0.044 |