Training subsidies and the wage returns to continuing vocational training

Brunello, Giorgio and Comi, Simona Lorena and Sonedda, Daniela (2012) Training subsidies and the wage returns to continuing vocational training. Labour Economics, 19 (3). pp. 361-372. ISSN 0927-5371

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Abstract

We use the regional and time variation of training grants in Italy to identify the causal effect of (formal continuing vocational) training on earnings. We estimate log-linear earnings regressions with constant marginal returns to training and find that one additional week of training increases monthly net earnings by 1.36%, substantially less than the 3% or more often found in the literature. Estimated returns vary significantly by firm size, and range from 0.40% in firms with more than 100 employees to 2.51% in smaller firms, the bulk of the Italian private sector. A simple back of the envelope comparison of the marginal costs and benefits of training policy suggests that the latter are higher than the former.

Item Type: Journal Article
Journal or Publication Title: Labour Economics
Uncontrolled Keywords: /dk/atira/pure/subjectarea/asjc/2000/2002
Subjects:
Departments: Lancaster University Management School > Economics
ID Code: 67287
Deposited By: ep_importer_pure
Deposited On: 25 Oct 2013 14:13
Refereed?: Yes
Published?: Published
Last Modified: 01 Jan 2020 08:41
URI: https://eprints.lancs.ac.uk/id/eprint/67287

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