The Returns to Training in Russia: A Difference-in-Differences Analysis
Posted: 12 Apr 2014 Last revised: 23 Jul 2018
Date Written: April 11, 2014
This paper investigates the wage return to job-related training using a difference-in-differences estimator to control for unmeasured differences in ability and measured differences in past wages as a proxy for ability and motivation. Estimates use data from the Russia Longitudinal Monitoring Survey from 2004 to 2011. As predicted, positive returns to training are identified, and the returns increase absolutely with the level of past wages, consistent with human capital and selection models.
Keywords: returns to training, human capital, unobserved abilities, Russia
JEL Classification: J24, J31
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