Learning at school and university and also at the work place has become more important in the knowledge-based economy. This paper provides a critical review of recent econometric work on the determinants and impacts of training in Europe. Training has non negligible positive effects for firms and trainees; for the group of non trainees potential negative effects has been found in some studies. The incidence and the impact of training depend on the national education and training system. However, selectivity, individual heterogeneity, self selection, diversity of training institutions and general equilibrium effects seem to play an important role in all training systems. --
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Paper provided by ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research in its series ZEW Discussion Papers with number
00-28.
Find related papers by JEL classification: J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity I28 - Health, Education, and Welfare - - Education - - - Government Policy I20 - Health, Education, and Welfare - - Education - - - General
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