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2019 | OriginalPaper | Chapter

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

Authors : Madalina Ecaterina Popescu, Ramona-Mihaela Paun

Published in: Eurasian Economic Perspectives

Publisher: Springer International Publishing

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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.

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next chapter The Nexus Between Economic Development and Environmental Pollution: The Case of Lithuania
Footnotes
1
Gross minimum earnings in Romania were 850 lei in January–June 2014, and increased to 900 lei in July 2014, corresponding to a net minimum earnings of around 678 lei.
 
2
Net average earnings in September 2014 were 1698 lei.
 
Literature
Arulampalam, W., Booth, A. L., & Bryan, M. L. (2004). Are there asymmetries in the effects of training on the conditional male wage distribution? (IZA Discussion Paper, No. 984).
Bartel, A. P. (1995). Training, wage growth, and job performance: Evidence from a company database. Journal of Labor Economics, 13, 401–425.CrossRef
Becker, G. (1964). Human capital (2nd ed.). New York: Columbia University Press.
Budria, S., & Pereira, P. T. (2004). On the returns to training in Portugal (IZA Discussion Paper No. 1429).
Greenberg, D. H., Michalopoulos, C., & Robins, P. K. (2003). A meta-analysis of government-sponsored training programs. Industrial and Labor Relations Review, 57, 31–53.CrossRef
Heng, A. B., Cheolsung, P., Haoming, L., Thangavelu, S. M., & Wong, J. (2007). The impact of structured training on workers’ employability and productivity (SCAPE Working Paper Series, Paper No. 2007/02).
Mincer, J. (1958). Investment in human capital and personal income distribution. Journal of Political Economy, LXVI(4), 281–302.CrossRef
Muehler, G., Beckmann, M., & Schauenberg, B. (2007). The returns to continuous training in Germany: New evidence from propensity score matching estimators. Review of Managerial Science, 1(3), 209–235.CrossRef
Pirciog, S., Ciuca, V., & Popescu, M. E. (2015). The net impact of training measures from active labor market programs in Romania – Subjective and objective evaluation. Procedia Economics and Finance, 26, 339–344.CrossRef
Popescu, M. E., & Roman, M. (2018). Vocational training and employability: Evaluation evidence from Romania. Evaluation and Program Planning, 67, 38–46.CrossRef
Regner, H. (2002). The effects of on-the-job training on wages in Sweden. International Journal of Manpower, 23, 326–344.CrossRef
Rodriguez-Planas, N., & Benus, J. (2006). Evaluating active labor market programs in Romania (IZA Discussion Paper Series, No. 2464).
Roman, M., & Popescu, M. E. (2015). The effects of training on Romanian migrants’ income: A propensity score matching approach. Economic Computation and Economic Cybernetics Studies and Research, 43(1), 85–108.
Metadata
Title
The Financial Benefits of Training on the Labor Market: Evidence from Romania
Authors
Madalina Ecaterina Popescu
Ramona-Mihaela Paun
Copyright Year
2019
Book
Eurasian Economic Perspectives

Print ISBN: 978-3-030-18564-0

Electronic ISBN: 978-3-030-18565-7

Copyright Year: 2019

DOI
https://doi.org/10.1007/978-3-030-18565-7_1