Effect of informal training on skill levels of manufacturing workers

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초록

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.

키워드

Bivariate probit model; Informal training; Simulated maximum likelihood estimation; Skill accumulation and depreciation
제목
Effect of informal training on skill levels of manufacturing workers
저자
Kim, B.; Park, S.S.
발행일
2016
유형
Article
저널명
Journal of Economic Theory and Econometrics
권
27
호
1
페이지
34 ~ 47