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The Financial Benefits of Training on the Labor Market: Evidence from Romania

In: Eurasian Economic Perspectives

Author

Listed:
  • Madalina Ecaterina Popescu

    (The National Scientific Research Institute for Labor and Social Protection, The Bucharest University of Economic Studies)

  • Ramona-Mihaela Paun

    (George Herbert Walker School of Business and Technology, Webster University Thailand)

Abstract

In this paper we study the direct effects of vocational training upon earnings, and bring empirical evidence for the case of Romania. In order to determine whether vocational training generates an increase in earnings, a quantitative analysis is conducted and econometric tools are applied on both a treatment and a control group. Survey micro-datasets are used together with a probit model, a Kernel matching algorithm and an ordered logit. The main findings are consistent with the international literature in the field, arguing in favor of a positive return on training, as higher earnings are to be expected after attending training programs.

Suggested Citation

  • Madalina Ecaterina Popescu & Ramona-Mihaela Paun, 2019. "The Financial Benefits of Training on the Labor Market: Evidence from Romania," Eurasian Studies in Business and Economics, in: Mehmet Huseyin Bilgin & Hakan Danis & Ender Demir & Ugur Can (ed.), Eurasian Economic Perspectives, pages 3-12, Springer.
    • Handle: RePEc:spr:eurchp:978-3-030-18565-7_1
    DOI: 10.1007/978-3-030-18565-7_1
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