Human Capital Linkages to Labour Productivity: Implications from Thai Manufacturers

Autor/inn/en	Rukumnuaykit, Pungpond; Pholphirul, Piriya
Titel	Human Capital Linkages to Labour Productivity: Implications from Thai Manufacturers
Quelle	In: Journal of Education and Work, 29 (2016) 8, S.922-955 (34 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	1363-9080
DOI	10.1080/13639080.2015.1104658
Schlagwörter	Foreign Countries; Human Capital; Productivity; Manufacturing Industry; Labor Market; Cost Effectiveness; Personnel Selection; Educational Attainment; Higher Education; Wages; Expenditures; Training; Thinking Skills; Information Technology; Leadership Qualities; Time Management; Communication Skills; Skilled Workers; Unskilled Workers; Skilled Occupations; Employment Opportunities; Occupational Surveys; Thailand + Suchen Sie Ihr Suchwort? Ausland; Humankapital; Produktivität; Fertigungswirtschaft; Produzierendes Gewerbe; Labour market; Arbeitsmarkt; Kosten-Nutzen-Analyse; Kosten-Nutzen-Denken; Personalauswahl; Personalentscheidung; Bildungsabschluss; Bildungsgut; Hochschulbildung; Hochschulsystem; Hochschulwesen; Wage; Löhne; Ausgaben; Ausbildung; Denkfähigkeit; Informationstechnologie; Führungseigenschaft; Zeitmanagement; Kommunikationsstil; Facharbeiter; Unskilled worker; Hilfsarbeiter; Fachangestellter; Berufschance; Beschäftigungschance; Berufsanalyse
Abstract	Human capital investment is a necessary condition for improving labour market outcomes in most countries. Empirical studies to investigate human capital and its linkages on the labour demand side are, however, relatively scarce due to limitations of firm-level data-sets. Using firm-level data from the Thai manufacturing sector, this paper aims to investigate the effects of skill and human capital on labour productivity. Costs and benefits of human capital improvement are compared indicating that hiring workers who have higher education as well as providing them with in-service training has a statistically and significantly positive impact on an increase in labour productivity. However, hiring workers who have higher education yields less benefit than costs which come from higher average wage expenditures. However, providing training should contribute more benefit than cost. Besides education and training measures, we also measure workers' skill levels into cognitive skills and non-cognitive skills and find that skill in information technology is found to be the most important cognitive skill for increasing labour productivity among Thai manufacturers. Non-cognitive skills such as those in leadership, time-management and communication are also important and seem to have positive relationship to labour productivity among Thai manufacturers. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2020/1/01