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Is investing in apprentices related to decision-makers’ altruism and their high time preference?

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  • Jansen, A.

Abstract

In this article, the relation between firms’ engagement in apprenticeship training and two important economic preferences, i.e. the decision maker’s altruism and time preference, is analyzed. Firstly, the relation between these two preferences and a firm’s decision to provide apprenticeship places (extensive margin) is examined. Secondly, for firms that train, the effect on the amount of investments in apprenticeship training (intensive margin) is analyzed. The results show that the degree of altruism of a decision maker is positively, albeit weakly significant, associated to the probability to provide apprenticeship places as well as substantially related to the amount of investments in apprenticeship training. Time preferences are not related to the training decision (extensive margin) but significantly related to the amount of investments in training.

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  • Jansen, A., 2016. "Is investing in apprentices related to decision-makers’ altruism and their high time preference?," Research Memorandum 010, Maastricht University, Graduate School of Business and Economics (GSBE).
    • Handle: RePEc:unm:umagsb:2016010
    DOI: 10.26481/umagsb.2016010
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    Cited by:

    1. Anika Jansen & Harald Pfeifer & Julia Raecke, 2017. "Only the brave? Risk and time preferences of decision makers and firms' investment in worker training," Economics of Education Working Paper Series 0124, University of Zurich, Department of Business Administration (IBW).

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