Rentabilidad salarial de la formación laboral: un análisis con datos de panel /Wage Returns to Training Investments: A Panel Data Analysis
El presente trabajo utiliza datos procedentes del Panel de Hogares de la Unión Europea (INE, 1994-2001) para estimar el efecto de la formación recibida durante el empleo en el crecimiento salarial de hombres y mujeres en el mercado de trabajo español. Dado que estas inversiones educativas pueden estar relacionadas con determinantes no observados del crecimiento salarial, se emplea el método de estimación de variables instrumentales para datos de panel propuesto por Hausman y Taylor (1981). Las medidas de formación usadas en las estimaciones diferencian tales actividades según quién las financie (empresa o empleado), incluyéndose además medidas de duración e intensidad, a fin de estimar su rendimiento con mayor precisión. Los resultados muestran que, efectivamente, realizar este tipo de inversiones proporciona a los trabajadores un mayor incremento salarial, si bien esto depende de cómo se realicen y su duración. This paper uses data drawn from the European Community Household Panel (INE, 1994-2001) to estimate the effect of labour market training on wage growth for both female and male wage earners in Spain. As these educational investments might be correlated to other unobserved determinants of wage growth, we use the instrumental variable estimator for panel data proposed by Hausman and Taylor (1981). To more precisely measure the effect of training we differentiate among employer-financed and self-employed training as well as indicators, and later include variables for training length and intensity. Our results show that, indeed, training investments provide workers with higher wage increases. This, however, depends on how training is undertaken and how long it takes.
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Volume (Year): 28 (2010)
Issue (Month): (Agosto)
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