Leuven, Edwin; Oosterbeek, Hessel - EconWPA - 2002
40 years or older. This causes a discontinuity in a firm's cost of training an employee. We exploit this discontinuity to … identify two effects: the effect of the tax deduction on training participation, and the effect of training participation on … wages. We find that the training rate of workers just above 40 is about 15-20 percent higher than the training rate of …