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The Pecuniary and Non-Pecuniary Returns to Voucher-Financed Training

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Listed:
  • Görlitz, Katja

    (Hochschule der Bundesagentur für Arbeit (HdBA))

  • Tamm, Marcus

    (Hochschule der Bundesagentur für Arbeit (HdBA))

Abstract

This paper analyzes the returns to training that was co-financed by the German voucher program Bildungsprämie. The estimation strategy compares outcomes of participants in voucher training with voucher recipients who intended to participate in training, but did not do so because of a random event like course cancellation by the provider of training. We find no impact of voucher training on wages, employment, job tasks and on subjective outcomes (in particular, the risk of job loss and job satisfaction). However, there is evidence that training participants report to better match the skill requirements of their job.

Suggested Citation

  • Görlitz, Katja & Tamm, Marcus, 2015. "The Pecuniary and Non-Pecuniary Returns to Voucher-Financed Training," IZA Discussion Papers 8990, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp8990
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    References listed on IDEAS

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    1. Picchio, Matteo & van Ours, Jan C., 2013. "Retaining through training even for older workers," Economics of Education Review, Elsevier, vol. 32(C), pages 29-48.
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    Cited by:

    1. Dauth, Christine, 2016. "Do low-skilled employed workers benefit from further training subsidies?," VfS Annual Conference 2016 (Augsburg): Demographic Change 145533, Verein für Socialpolitik / German Economic Association.

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    More about this item

    Keywords

    training; vouchers; returns to training; program evaluation;
    All these keywords.

    JEL classification:

    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • I26 - Health, Education, and Welfare - - Education - - - Returns to Education
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • M53 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Training

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