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Returns to Training and Skill Mismatch: Evidence from Australia

Messinis, George and Olekalns, Nilss (2008) Returns to Training and Skill Mismatch: Evidence from Australia. Working Paper. Victoria University, Melbourne, Australia.

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Abstract

This paper utilises Australian data to evaluate the effect of firm-provided job training on labour income. It also examines whether training can shed light on the effects of skill-job mismatch. We employ a trivariate model to account for firm selection bias in training and worker selection in full-time employment participation. The evidence shows that training has a significant positive impact on wages and assists in the augmentation and replenishment of human capital. Further, training ameliorates the disadvantage associated with the mismatch between formal education and required education.

Item Type: Monograph (Working Paper)
Additional Information:
Uncontrolled Keywords: training, education, overeducation, wages, human capital depreciation
Subjects: FOR Classification > 1402 Applied Economics
Faculty/School/Research Centre/Department > Centre for Strategic Economic Studies (CSES)
Depositing User: VUIR
Date Deposited: 01 Dec 2010 02:42
Last Modified: 23 May 2013 16:45
URI: http://vuir.vu.edu.au/id/eprint/15903
DOI: CSES Working Paper No. 40
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