Arbeitspapier
The Returns to Continuous Training in Germany: New Evidence from Propensity Score Matching Estimators
The present paper examines the wage effects of continuous training programs using individual-level data from the German Socio Economic Panel (GSOEP). In order to account for selectivity in training participation we estimate average treatment effects (ATE and ATT) of general and firm-specific continuous training programs using several state-of-the-art propensity score matching (PSM) estimators. Additionally, we also apply a combined matching difference-indifferences (MDiD) estimator to account for unobserved individual characteristics (e.g. motivation, ability). While the estimated ATE and ATT for general training are significant ranging between about 4 and 7.5 %, the corresponding wage effects of firm-specific training are mostly insignificant. Using the more appropriate MDiD estimator, however, we find a more precise and highly significant wage effect of about 5 to 6 %, though only for general training and not for firm-specific training. These results are consistent with standard human capital theory insofar as general training is associated with larger wage increases than firm-specific training. Furthermore, we conclude that firms may intend to use specific training to adjust to new job requirements, while career-relevant changes may be conditioned to general training.
- Sprache
-
Englisch
- Erschienen in
-
Series: ZEW Discussion Papers ; No. 07-048
- Klassifikation
-
Wirtschaft
Personnel Economics: Training
Single Equation Models; Single Variables: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions
Wage Level and Structure; Wage Differentials
Human Capital; Skills; Occupational Choice; Labor Productivity
- Thema
-
Continuous training
wage effect
average treatment effect
selectivity bias
propensity score matching estimators
Weiterbildung
Bildungsertrag
Arbeitsmarktpolitik
Schätztheorie
Schätzung
Deutschland
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Muehler, Grit
Beckmann, Michael
Schauenberg, Bernd
- Ereignis
-
Veröffentlichung
- (wer)
-
Zentrum für Europäische Wirtschaftsforschung (ZEW)
- (wo)
-
Mannheim
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Muehler, Grit
- Beckmann, Michael
- Schauenberg, Bernd
- Zentrum für Europäische Wirtschaftsforschung (ZEW)
Entstanden
- 2007
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