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Title: NTIS Reexamining the Returns to Training: Functional Form, Magnitude, and Interpretation
Resulting in 1 citation.
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Frazis, Harley Jay Loewenstein, Mark A. |
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NTIS Reexamining the Returns to Training: Functional Form, Magnitude, and Interpretation Report: BLS Working Paper No. 367. Washington DC: Bureau of Labor Statistics, U.S. Department of Labor, 2003. Also: http://www.bls.gov/osmr/abstract/ec/ec030040.htm Cohort(s): NLSY79 Publisher: U.S. Department of Labor Keyword(s): Labor Market Outcomes; Training; Training, Occupational This paper estimates the wage returns to training, paying careful attention to the choice of functional form. Both the National Longitudinal Survey of Youth (NLSY) and Employer Opportunity Pilot Project (EOPP) datasets indicate that the return to an extra hour of formal training diminishes sharply with the amount of training received. A cube root specification fits the data best, but the log specification also does well. The linear and quadratic specifications substantially understate the effect of training. Also: NTIS Report: PB2006101302 |
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Bibliography Citation
Frazis, Harley Jay and Mark A. Loewenstein. "NTIS Reexamining the Returns to Training: Functional Form, Magnitude, and Interpretation." Report: BLS Working Paper No. 367. Washington DC: Bureau of Labor Statistics, U.S. Department of Labor, 2003. |