Training subsidies and the wage returns to continuing vocational training

Brunello, Giorgio; Comi, Simona; Sonedda, Daniela

doi:10.1016/j.labeco.2012.03.002

Cited by 27 publications

(16 citation statements)

References 34 publications

(35 reference statements)

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“…In line with the recent results by Brunello et al (2010), this finding suggests that employers are willing to reward training efforts only when they target firm-specific needs. Whereas part-time contracts are beneficial for employees' hourly wage, a large penalty (over 9 per cent in Model 2) is associated with being on a temporary contract.…”

supporting

confidence: 86%

The return to education and skills in Italy

Cainarca

Sgobbi

2012

International Journal of Manpower

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Purpose -The purpose of this paper is to estimate the incidence of educational mismatch in Italy and the return to investment in education, controlling for employees' ability. Contrary to most existing studies, the heterogeneity of individual performance is measured directly through the assessment of required and provided skills. Design/methodology/approach -Based on original data including over 3,600 face-to-face interviews, this paper appraises the incidence of self-assessed educational mismatch in the Italian private sector and estimates wage models of the economic returns to educational mismatch, skill requirements and provided skills. Findings -In Italy, under-educated employees outnumber over-educated ones and returns to required education and over-education are lower than in other industrialised countries. Individual heterogeneous ability, as captured by individual skills, is a significant determinant of wage, although the inclusion of direct measures of required and provided skills does not substantially affect the estimated coefficients of the return to investment in education. Practical implications -The omission of controls for the heterogeneous ability of employees biases the results of traditional ordinary least squares (OLS) estimates of wage models. However, the bias may be small enough to make simple OLS estimates on existing cross-sectional data an acceptable compromise to provide policy makers with reasonably accurate and up-to-date information.Originality/value -The paper provides a direct appreciation of individual heterogeneity that other studies can capture only through sophisticated indirect econometric techniques. In addition, the paper extends the set of available cross-country comparisons by estimating the educational mismatch and the returns to educational and skill mismatches in the overall Italian private labour market.

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supporting

confidence: 86%

The return to education and skills in Italy

Cainarca

Sgobbi

2012

International Journal of Manpower

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“…It could have therefore less predictable outcomes, as it may be unclear if firms actually do need a better access to finance to hire and train more youth. Such programs have already been implemented to boost training and employment for youth or for SMEs in Italy or in the UK (Maton 1999 andBrunello et al 2012). But, it seems to be the first time that public financial support would target both SMEs access to finance and the youth.…”

Section: Smes Loans To Bolster Youth Employment and Training: An Assementioning

confidence: 99%

“…Educational development has some effect on economic convergence (Mankiw et al 1992). Regions in which more training is provided tend to have better labor market outcomes (Brunello et al 2012) The Eurostat regional data relative to vocational education are somewhat limited and some variables are sometimes missing, which could undermine these results. In addition the variables used do not allow to perform sensitive quality analysis.…”

Section: Ln (Youth Unemployedmentioning

confidence: 99%

Fixing Europe's Youth Unemployment and Skills Mismatch, Can Public Financial Support to SMEs Be Effective? The Case of the European Commission and European Investment Bank Joint Initiatives

Floreani

2014

SSRN Journal

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“…The participation rate in continuing adult education and training is generally considered very high worldwide (Arulampalam et al ., ; Bosch & Charest, ; O'Connell, ; Sala & Silva, ) and the returns of training are positive and substantial (Booth & Bryan, ; Brunello et al ., ; Dearden et al ., ). However, there are signs of falling training volumes among non‐manual occupations in some of the advanced industrial societies, representing a trend away from the knowledge economy (Green et al ., ).…”

Section: Introductionmentioning

confidence: 98%

Occupational propensity for training in a late industrial society: evidence from Russia

Anikin

2017

Int J Training Development

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What factors best explain the low incidence of skills training in a late industrial society like Russia? This research undertakes a multilevel analysis of the role of occupational structure in the probability of training. The explanatory power of occupation‐specific determinants and skills polarization are evaluated, using a representative 2012 sample from the Russian Longitudinal Monitoring Survey. Applying a two‐level Bayesian logistic regression model, we show that the incidence of training in Russia is significantly contextualized within the structure of occupations and the inequalities between them. The study shows that extremely high wage gaps within managerial class jobs can discourage training, an unusual finding. Markets accumulating interchangeable and disposable labour best explain the low incidence of training: workers within generic labour are less likely to develop their skills formally, except in urban markets. Although we did not find strong evidence of skills polarization, Russians are yet to live in a knowledge economy.

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Training subsidies and the wage returns to continuing vocational training

Cited by 27 publications

References 34 publications

The return to education and skills in Italy

The return to education and skills in Italy

Fixing Europe's Youth Unemployment and Skills Mismatch, Can Public Financial Support to SMEs Be Effective? The Case of the European Commission and European Investment Bank Joint Initiatives

Occupational propensity for training in a late industrial society: evidence from Russia

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