Several studies document that low-educated workers participate less often in further training than high-educated workers. This article investigates two possible explanations: low-educated workers invest less in training because of (1) the lower economic returns to these investments
or (2) their lower willingness to participate in training. Controlling for unobserved heterogeneity, we find that the economic returns to training for low-educated workers are positive and not significantly different from those for high-educated workers. However, low-educated workers are significantly
less willing to participate in training. We show that this lesser willingness to train is driven by economic preferences, and personality traits.
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returns to training
Document Type: Research Article
Research Centre for Education and the Labour Market (ROA), Maastricht University, PO Box 616, 6200 MD Maastricht, The Netherlands
Maastricht University School of Business and Economics, PO Box 616, 6200 MD Maastricht, The Netherlands
Publication date: 2013-06-01
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