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Effect of informal training on skill levels of manufacturing workers
- Authors
- Kim, B.; Park, S.S.
- Issue Date
- 2016
- Publisher
- Korean Econometric Society
- Keywords
- Bivariate probit model; Informal training; Simulated maximum likelihood estimation; Skill accumulation and depreciation
- Citation
- Journal of Economic Theory and Econometrics, v.27, no.1, pp.34 - 47
- Indexed
- SCOPUS
KCI
- Journal Title
- Journal of Economic Theory and Econometrics
- Volume
- 27
- Number
- 1
- Start Page
- 34
- End Page
- 47
- ISSN
- 1229-2893
- Abstract
- Using self-reported data on training and productivity in ‘Human Capital Corporate Panel’ and employing a bivariate probit model that has a dynamic aspect, we were able to estimate skill level depreciation rate and effect of both formal and informal trainings on skill accumulation. Average annual depreciation rate of skill level was estimated to be 24%. Both formal and informal trainings were estimated to be effective in skill accumulation. © 2016, Korean Econometric Society. All rights reserved.
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