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Office of Survey Methods Research
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Published Year: 1995
Survey/Program(s): N/A
Catalog: Economic Working Paper
WP Number: WP-262
Publication Status / Disposition: See Southern Economic Journal, Vol. 65, No. 3, January 1999, pp. 526-538.
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Training, Wages, and the Human Capital Model
Abstract
Using recent data from the National Longitudinal Survey of Youth, this study examines the predictions of the human capital model concerning the relationship between training, starting wages, and wage growth. As implied by the model, training, particularly employer financed training, is positively related to wage growth. Company financed training also appears to be portable across jobs, or to have a general component. In addition, there is some evidence that workers pay for initial training through a reduced starting wage. The results provide partial support for the human capital model.