The Returns to Continuous Training in Germany: New Evidence from Propensity Score Matching Estimators


Mühler, Grit ; Beckmann, Michael ; Schauenberg, Bernd


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URL: https://ub-madoc.bib.uni-mannheim.de/1583
URN: urn:nbn:de:bsz:180-madoc-15839
Document Type: Working paper
Year of publication: 2007
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: J31 J24 C21 M53 ,
Subject headings (SWD): Weiterbildung , Bildungsertrag , Arbeitsmarktpolitik , Schätztheorie , Deutschland
Keywords (English): Continuous training , wage effect , average treatment effect , selectivity bias , propensity score matching estimators
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.
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Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Mühler, Grit ; Beckmann, Michael ; Schauenberg, Bernd (2007) The Returns to Continuous Training in Germany: New Evidence from Propensity Score Matching Estimators. Open Access [Working paper]
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