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 the workers who wanted to participate in training but did not do so because of some random event. The point estimate of the return to...

Industrialized countries rely on work-related training to update and enhance the skills of the workforce. Hence, participation in work-related training activities constitutes the majority of continuous education and training (CET) activities. While labor market effects of such training are well...