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Career progression and formal versus on the job training (2005).
| Content Provider | CiteSeerX |
|---|---|
| Abstract | This paper evaluates the return to formal education over the life-cycle and compare it to informal, on the job training. More specifi-cally, we assess the apprenticeship system in Germany by comparing the long run value of education choices and subsequent labor market outcomes for apprentices and non-apprentices. We develop a struc-tural model of career progression and educational choice, allowing for unobserved ability, endogenous job to job transition, specific firm-worker matches, specific returns to tenure and to general experience. We estimate this model on a large panel data set which describes the career progression of young Germans. We find that formal education is more important than informal training, even when taking into ac-count for the possible selection into education. We use the estimated model to evaluate the long-run impact of labor market policies on educational choices and career progression. 1 |
| File Format | |
| Publisher Date | 2005-01-01 |
| Access Restriction | Open |
| Subject Keyword | Career Progression Job Training Formal Versus Educational Choice Formal Education Endogenous Job Estimated Model Education Choice Job Transition Labor Market Policy Possible Selection Specific Firm-worker Match Struc-tural Model Apprenticeship System Informal Training Long Run Value Large Panel Data Long-run Impact Young German Specific Return Subsequent Labor Market Unobserved Ability General Experience |
| Content Type | Text |
| Resource Type | Article |
