Why Do Employers Pay For College? / Peter Cappelli.

By:

Cappelli, Peter

Contributor(s):

National Bureau of Economic Research

Material type: Text

TextSeries: Working Paper Series (National Bureau of Economic Research) ; no. w9225.Publication details: Cambridge, Mass. National Bureau of Economic Research 2002.Description: 1 online resource: illustrations (black and white)Subject(s):

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Abstract: Employers routinely provide financial support for their employees who pursue post-secondary education despite the fact that it represents perhaps the classic example of a general skill' that costs the employer money and raises the market wages of employees who possess it. The analysis below examines why employers provide such support, and the results suggest that employees do not pay for tuition assistance through below market or training wages, the typical arrangement for funding general skills training. Instead, tuition assistance appears to select better quality employees who stay on the job longer, at least in part to keep making use of that benefit.

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Item type	Home library	Collection	Call number	Status	Date due	Barcode	Item holds
Working Paper	Biblioteca Digital	Colección NBER	nber w9225 (Browse shelf(Opens below))	Not For Loan

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Previous	nber w9222 A Survey of Behavioral Finance /	nber w9223 Borders and Growth /	nber w9224 Chains of Ownership, Regional Tax Competition, and Foreign Direct Investment /	nber w9225 Why Do Employers Pay For College? /	nber w9226 The Effects of Progressive Income Taxation on Job Turnover /	nber w9227 Slavery and the Intergenerational Transmission of Human Capital /	nber w9228 Financial Aid Packages and College Enrollment Decisions: An Econometric Case Study /	Next

September 2002.

Employers routinely provide financial support for their employees who pursue post-secondary education despite the fact that it represents perhaps the classic example of a general skill' that costs the employer money and raises the market wages of employees who possess it. The analysis below examines why employers provide such support, and the results suggest that employees do not pay for tuition assistance through below market or training wages, the typical arrangement for funding general skills training. Instead, tuition assistance appears to select better quality employees who stay on the job longer, at least in part to keep making use of that benefit.