Replication data for: Training and Lifetime Income
- Kuruscu, Burhanettin
AbstractThis paper challenges the notion that on-the-job training investments are quantitatively important for workers' welfare and argues that on-the-job training may not increase lifetime income by more than 1 percent. I argue that it is very difficult to reconcile the slowdown in wage growth late in a worker's career with optimizing behavior unless the technology for learning on the job is such that it generates very low gains from training. The analysis is based on a nonparametric methodology for estimating the learning technology from wage profiles; the results are arrived at by comparing the lifetime income when the worker optimally invests in his human capital to the one where he does not make any investments. (JEL: E24, J24, J31)
Is supplement to
DOI: 10.1257/aer.96.3.832 (Text)
Kuruscu, Burhanettin. “Training and Lifetime Income.” American Economic Review 96, no. 3 (May 2006): 832–46. https://doi.org/10.1257/aer.96.3.832.
- ID: 10.1257/aer.96.3.832 (DOI)
Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-07