KDI Journal of Economic Policy (Oct 2011)
The Effects of Changes in Household Structure on Service Consumption in Korea
Abstract
This paper examines how the levy-grant system for on-the-job training affects individual workers' training level and the subsequent wage growth. Some notable results include: (i) the workers at the firms facing high net benefits (i.e., grant minus levy) receive more firm training indeed, and (ii) training provision raises post-training earnings substantially. All these results are found to be robust to changes in firm size and estimation method.
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