Returns to Training and Skill Mismatch: Evidence from Australia

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

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.

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Additional Information
Item type Monograph (Working Paper)
URI https://vuir.vu.edu.au/id/eprint/15903
DOI CSES Working Paper No. 40
Subjects Historical > FOR Classification > 1402 Applied Economics
Historical > Faculty/School/Research Centre/Department > Centre for Strategic Economic Studies (CSES)
Keywords training, education, overeducation, wages, human capital depreciation
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