Details

Autor(en) / Beteiligte

• Brunello, Giorgio
• Lorena Comi, Simona
• Sonedda, Daniela

Titel

Training subsidies and the wage returns to continuing vocational training: Evidence from Italian regions

Ist Teil von

• Labour economics, 2012-06, Vol.19 (3), p.361-372

Ort / Verlag

Amsterdam: Elsevier Science Ltd

Erscheinungsjahr

2012

Quelle

Alma/SFX Local Collection

Beschreibungen/Notizen

• We use the regional and time variation of training grants in Italy to identify the causal effect of (formal continuing vocational) training on earnings. We estimate log-linear earnings regressions with constant marginal returns to training and find that one additional week of training increases monthly net earnings by 1.36%, substantially less than the 3% or more often found in the literature. Estimated returns vary significantly by firm size, and range from 0.40% in firms with more than 100 employees to 2.51% in smaller firms, the bulk of the Italian private sector. A simple back of the envelope comparison of the marginal costs and benefits of training policy suggests that the latter are higher than the former. [PUBLICATION ABSTRACT]