-funded by training levies as a share of the wage bill. We simulate two alternative steady-state scenarios about the uptake of … resources and increase in training activity, using a lifecycle model of human capital investments. We derive predictions for … gross earnings, income inequality and costs (training subsidies and tax deductions) and benefits (tax revenues and fewer …

unpaid household care. To secure quality and access, government must also play a coordinating role that vouchers alone can …

Standard economic theory predicts that firms will not invest in general training and will underinvest in specific … training. Empirical evidence, however, indicates that firms do invest in general training of their workers. Evidence from … laboratory experiments points to less underinvestment in specific training than theory predicts. We propose a simple model in …

nationwide randomized experiment in the Philippines to estimate effects three years after the withdrawal of two incentives for …

This paper proposes a new approach to identify the wage effects of training.The idea is to narrow down the comparison … group by only taking into consideration theworkers who wanted to participate in training but did not do so because of some … randomevent. The point estimate of the return to training consistently drops when restrictingthe comparison group this way. While …