This paper addresses the question to which extent the complementarity between education and training can be attributed to differences in observable characteristics, i.e. to individual, job and firm specific characteristics. The novelty of this paper is to analyze previously unconsidered...

This paper analyzes the returns to training that was co-financed by the German voucher program Bildungsprämie. The estimation strategy compares outcomes of participants in voucher training with voucher recipients who intended to participate in training, but did not do so because of a random...

This paper analyzes the returns to training that was co-financed by the German voucher program "Bildungsprämie". The estimation strategy compares outcomes of participants in voucher training with voucher recipients who intended to participate in training, but did not do so because of a random...

Die neue Weiterbildungsliteratur zeigt auf, dass Arbeitgeber in monopsonistisch geprägten Märkten bereit sind, nicht nur die Kosten für firmenspezifische, sondern auch für allgemeine Weiterbildung zu tragen, wenn das Risiko, dass Mitarbeiter abgeworben werden, gering ist. Dies bedeutet, dass...

The new training literature suggests that in a monopsonistic market employers will not only pay for firm-specific training but also for general training if the risk of poaching is limited. This implies that training participation should decrease when competition for employees is higher among...

To increase employee participation in training activities, the German government introduced a large-scale training voucher program in 2008 that reduces training fees by half. Based on a randomized field experiment, this paper analyzes whether providing information about the existence and the...

To increase employee participation in training activities, the German government introduced a large-scale training voucher program in 2008 that reduces training fees by half. Based on a randomized field experiment, this paper analyzes whether providing information about the existence and the...

This paper analyzes the returns to training that was co-financed by the German voucher program Bildungsprämie. The estimation strategy compares outcomes of participants in voucher training with voucher recipients who intended to participate in training, but did not do so because of a random...