The Shadow Value of Employer-Provided Training
- Supervisor
- Santiago Budria Rodriguez
- Date and time
- Thursday, May 20, 2010 at 12:30 PM - Biblioteca DSE, Palazzina 32 ex caserma Passalacqua
- Contact person
- Angelo Zago
- External reference
- Publication date
- April 29, 2010
- Department
- Economics
Summary
This paper adopts an equivalent income approach to calculate the economic value of
training activities for workers. Using econometric regression analysis of individual selfreported
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.
| Title | Format (Language, Size, Publication date) |
|---|---|
| Paper |
 pdf (it, 273 KB, 5/12/10)
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