Occupational Mobility and the Returns to Training
Gueorgui Kambourov (),
Iourii Manovskii () and
Miana Plesca ()
Working Papers from University of Toronto, Department of Economics
The literature on the returns to training has pointed out that, immediately following a training episode, wages of participants in employer-sponsored training increase substantially while wages of participants in government-sponsored training hardly change. We argue that a clear selection issue has been overlooked by the literature - most of the government-sponsored trainees are occupation switchers while most participants in employer-sponsored training are occupation stayers. An occupational switch involves a substantial destruction of human capital, and once we account for the associated decline in wages we find a large positive impact of both employer- and government-sponsored training on workers' human capital.
Keywords: Training; Human Capital; Occupational Mobility (search for similar items in EconPapers)
JEL-codes: E24 H59 J24 J31 J62 J68 M53 (search for similar items in EconPapers)
Pages: Unknown pages
New Economics Papers: this item is included in nep-hrm and nep-lab
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Journal Article: Occupational mobility and the returns to training (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:tor:tecipa:tecipa-444
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