The Labour Market Impact of Adult Education and Training: A Cohort Analysis
Education boosts individuals' productivity and wages. Yet many individuals leave school with minimal skills and qualifications. One way for these workers to catch up might be lifelong learning. We find that a particular form of lifelong learning, work related "training", does have a positive impact on earnings. However, firms tend only to train those workers who will gain from training. Training does benefit those chosen to receive it but if all workers received training, the average impact on wages would be low. Hence, this form of lifelong learning is not necessarily an effective way of raising wages. Copyright (c) Scottish Economic Society 2004.
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Volume (Year): 51 (2004)
Issue (Month): 2 (05)
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