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The Wage Effects of Investments in Enterprise-Related Training

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  • Groot, Wim

Abstract

In this paper we calculate the rate of return to enterprise-related training (ERT) using a simultaneous equations self-selection model of investment in ERT and wages. For participants the expected rate of return to a year of ERT is approximately 28 percent. For non-participants the rate of return is negative. Although the average rate of return is high, the marginal rate of return is zero or negative. We further find that investments in ERT are not significantly determined by expected returns.

Suggested Citation

  • Groot, Wim, 1995. "The Wage Effects of Investments in Enterprise-Related Training," Empirical Economics, Springer, vol. 20(1), pages 133-147.
    • Handle: RePEc:spr:empeco:v:20:y:1995:i:1:p:133-47
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    Cited by:

    1. Michael Gerfin, 2003. "Work-Related Training and Wages: An empirical analysis for male workers in Switzerland," Diskussionsschriften dp0316, Universitaet Bern, Departement Volkswirtschaft.
    2. Backes-Gellner, Uschi & Mure, Johannes & Tuor, Simone N., 2007. "The puzzle of non-participation in continuing training : an empirical study of chronic vs. temporary non-participation," Zeitschrift für ArbeitsmarktForschung - Journal for Labour Market Research, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 40(2/3), pages 295-311.
    3. Uschi Backes-Gellner & Johannes Mure & Simone Tuor, 2006. "The Puzzle of Non-Participation in Continuing Training – An Empirical Study of Permanent vs. Occasional Non-Participation," Economics of Education Working Paper Series 0004, University of Zurich, Department of Business Administration (IBW).
    4. Gerfin, Michael, 2004. "Firm-Sponsored General Training in Frictional Labour Markets: An Empirical Analysis for Switzerland," IZA Discussion Papers 1077, Institute of Labor Economics (IZA).
    5. Pfeiffer, Friedhelm & Reize, Frank, 2000. "Formelle und informelle berufliche Weiterbildung und Verdienst bei Arbeitnehmern und Selbständigen," ZEW Discussion Papers 00-01, ZEW - Leibniz Centre for European Economic Research.
    6. Carla Haelermans & Lex Borghans, 2012. "Wage Effects of On-the-Job Training: A Meta-Analysis," British Journal of Industrial Relations, London School of Economics, vol. 50(3), pages 502-528, September.
    7. Backes-Gellner, Uschi & Mure, Johannes & Tuor, Simone N., 2007. "The puzzle of non-participation in continuing training : an empirical study of chronic vs. temporary non-participation," Zeitschrift für ArbeitsmarktForschung - Journal for Labour Market Research, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 40(2/3), pages 295-311.
    8. Michael Gerfin, 2003. "Firm-sponsored Work-Related Training in Frictional Labour Markets: An empirical analysis for Switzerland," Diskussionsschriften dp0317, Universitaet Bern, Departement Volkswirtschaft.
    9. World Bank, 2007. "Cape Verde Investment Climate Assessment," World Bank Publications - Reports 12305, The World Bank Group.
    10. Markus Pannenberg, 1996. "Financing On-The-Job Training: Shared Investment or Promotion Based System?: Evidence from Germany," Discussion Papers of DIW Berlin 135, DIW Berlin, German Institute for Economic Research.
    11. Backes-Gellner, Uschi & Mure, Johannes & Tuor, Simone N., 2007. "The puzzle of non-participation in continuing training : an empirical study of chronic vs. temporary non-participation," Zeitschrift für ArbeitsmarktForschung - Journal for Labour Market Research, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 40(2/3), pages 295-311.

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