ENTERPRISE-RELATED SCHOOLING

EMPIRICAL research on returns to schooling is usually concerned with returns to pre-work education or formal education only. Research on the returns to enterprise-related schooling and worker training has been initiated only recently. Mincer (1988) compares the year-to-year wage growth of workers and firms with job training with the wage growth in firms and periods without training. He finds that the wage growth of a year's training is approximately 4.4%. Barron et al. (1989) and Brown (1989) find that job training for new employees who have had no previous job training yields wage growth of 7.5-9%. Holzer (1988) finds a smaller effect: 4.4%. Lynch (1991) concludes that the wages of young male workers who received one year of company training grow by 11%, while the wages of those who did not receive training grow by only 4%. Lillard and Tan (1986) find for older cohorts that job training initially leads to wage growth of 10.8%, but that this effect gradually diminishes. Booth (1991) estimates wage equations for male and female workers, in which she includes a dummy for the incidence of job-related training and a variable for the number of training days for the past two years. She finds that the estimated impact of training incidence is to increase earnings for men (women) by 11.2%

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