The paper investigates determinants of formal and non-formal continuous vocational training and its income effects … on income are rather small or equal to zero with the self-employed and rather high among employed workers, both in the … group of trainees and non-trainees. Non-formal training has a non-zero effect on income as well. The determinants of income …

internal rate of return (IRR) of 14.2% for gross earnings, 7.4% for disposable income, and 6.6% for the net fiscal contribution … found to have negative IRRs: -0.5% for gross earnings and -5.9% for both disposable income and the net fiscal contribution … per student, and the level of income tax payments. …