Previous studies have generally found important, though sometimes small, increases in earnings associated with having undertaken training. This research is based on longitudinal analysis of the British Household Panel Survey 1998-2008 (plus some descriptive analysis of the Labour Force Survey). Whilst there appears to be an important wage return to undertaking training, once we allow for fixed individual factors these returns turn out to be rather small (and perhaps even zero). Unlike some past research we use a number of different measures of training, and various lagged effects. There appears to be little difference in rates of return to training at different levels of skills. The paper also reviews alternative methods for evaluating the benefits to training.
Presented by:
Stephen McKay (University of Birmingham)
Date & time:
May 16, 2011 3:00 am
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