Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/35639
Authors: 
Belzil, Christian
Hansen, Jörgen
Kristensen, Nicolai
Year of Publication: 
2008
Series/Report no.: 
IZA discussion papers 3882
Abstract: 
In this paper, we formulate and estimate a structural model of post-schooling training that explicitly allows for possible complementarity between initial schooling levels and returns to training. Precisely, the wage outcome equation depends on accumulated schooling and on the incidence of training. The effect of training on wage growth depends on individual permanent endowments as well as on education. We find evidence of statistically significant complementarity, i.e. the higher educated receive the highest return to the MBA-type training considered here.
Subjects: 
Skill complementarity
dynamic treatment effects
dynamic programming
random coefficients
JEL: 
I2
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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