Cohen-Goldner, Sarit; Eckstein, Zvi - C.E.P.R. Discussion Papers - 2004
training: the expected wage. Training might have no direct effect on wage, however, but it affects employment probability in … higher paid jobs nevertheless. In order to measure the return to government provided training, and overcome the above … reservations, we formulate an estimable stochastic dynamic discrete choice model of training and employment. Given the estimated …