Returns to Training and Skill Mismatch: Evidence from Australia
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DownloadMessinis, 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 |
| Download/View statistics | View download statistics for this item |
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