EconPapers    
Economics at your fingertips  
 

The shadow value of employer-provided training

Santiago Budria Rodriguez ()

Journal of Economic Psychology, 2012, vol. 33, issue 3, 494-514

Abstract: This paper adopts an equivalent income approach to calculate the economic value of training activities for workers. Using econometric regression analysis of individual self-reported job satisfaction (JS) and data from the European Community Household Panel dataset (ECHP), the paper shows that employer-provided training exerts a positive and significant effect on JS. On average, this effect is equivalent to a 17.7% increase in labour earnings. Boes and Winkelmann’s (2009) generalized ordered probit for panel data is used to show that the determinants of JS as well as the equivalent income of training differ across the JS distribution.

Keywords: Job satisfaction; Employer-provided training; Generalized ordered probit model; Equivalent income (search for similar items in EconPapers)
JEL-codes: C23 C25 J28 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0167487012000190
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:joepsy:v:33:y:2012:i:3:p:494-514

DOI: 10.1016/j.joep.2012.01.001

Access Statistics for this article

Journal of Economic Psychology is currently edited by G. Antonides and D. Read

More articles in Journal of Economic Psychology from Elsevier
Bibliographic data for series maintained by Haili He ().

 
Page updated 2020-08-22
Handle: RePEc:eee:joepsy:v:33:y:2012:i:3:p:494-514