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Title: Informal Training: A Review of Existing Data and Some New Evidence
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Loewenstein, Mark A. Spletzer, James R. |
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Informal Training: A Review of Existing Data and Some New Evidence NLS Discussion Paper 94-20, Washington DC: U.S. Bureau of Labor Statistics, November 1994. Also: http://stats.bls.gov/ore/abstract/nl/nl940050.htm Cohort(s): NLSY79 Publisher: U.S. Department of Labor Keyword(s): Current Population Survey (CPS) / CPS-Fertility Supplement; Educational Returns; Human Capital; Human Capital Theory; NLS of H.S. Class of 1972; Training; Training, Off-the-Job; Training, On-the-Job; Wage Dynamics; Wage Theory Although economists have recognized the importance of a worker's on-the-job human capital investments since the seminal papers by Becker (1962) and Mincer (1962), micro-datasets containing explicit measures of on-the-job training have started to become available only relatively recently. The existing data have been analyzed fairly thoroughly in a number of studies, and researchers agree that the human capital model's prediction that a worker's wage is positively related to past investments in his training is supported by the data. The NLSY is the major source of much of our current knowledge about formal training. However, the survey began asking questions about the harder to measure informal training only in 1993. The 1993 survey (along with the surveys to follow in the future) constitutes an important new source of information on informal training. The new NLSY training questions incorporate the detail of the EOPP employer survey (multiple sources of training such as classes or seminars, instruction from supervisors and/or co-workers, or self-study) within a survey of individuals. Used in conjunction with the wealth of information that the NLSY contains on individual demographic characteristics, employment history, schooling, and ability, the new informal training questions have the potential to significantly improve our knowledge about the acquisition and the returns to training |
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Bibliography Citation
Loewenstein, Mark A. and James R. Spletzer. "Informal Training: A Review of Existing Data and Some New Evidence." NLS Discussion Paper 94-20, Washington DC: U.S. Bureau of Labor Statistics, November 1994. |