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| Title: | | The Returns to Continuous Training in Germany: New Evidence from Propensity Score Matching Estimators  |
| Authors: | | Muehler, Grit Beckmann, Michael Schauenberg, Bernd |
| Issue Date: | | 2007 |
| Series/Report no.: | | ZEW Discussion Papers 07-048 |
| Abstract: | | The present paper examines the wage effects of continuous training programs using individual-level data from the German Socio Economic Panel (GSOEP). In order to account for selectivity in training participation we estimate average treatment effects (ATE and ATT) of general and firm-specific continuous training programs using several state-of-the-art propensity score matching (PSM) estimators. Additionally, we also apply a combined matching difference-indifferences (MDiD) estimator to account for unobserved individual characteristics (e.g. motivation, ability). While the estimated ATE and ATT for general training are significant ranging between about 4 and 7.5 %, the corresponding wage effects of firm-specific training are mostly insignificant. Using the more appropriate MDiD estimator, however, we find a more precise and highly significant wage effect of about 5 to 6 %, though only for general training and not for firm-specific training. These results are consistent with standard human capital theory insofar as general training is associated with larger wage increases than firm-specific training. Furthermore, we conclude that firms may intend to use specific training to adjust to new job requirements, while career-relevant changes may be conditioned to general training. |
| Subjects: | | Continuous training wage effect average treatment effect selectivity bias propensity score matching estimators |
| JEL: | | M53 C21 J31 J24 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des ZEW ZEW Discussion Papers
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