TY  - RPRT
        AU  - Belzil, Christian
AU  - Hansen, Jörgen
AU  - Kristensen, Nicolai
        TI  - Estimating Complementarity between Education and Training
        PY  - 2008/Dec/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 3882
        UR  - https://www.iza.org/index.php/publications/dp3882
        AB  - In this paper, we formulate and estimate a structural model of post-schooling training that explicitly allows for possible complementarity between initial schooling levels and returns to training. Precisely, the wage outcome equation depends on accumulated schooling and on the incidence of training. The effect of training on wage growth depends on individual permanent endowments as well as on education. We find evidence of statistically significant complementarity, i.e. the higher educated receive the highest return to the MBA-type training considered here.
        KW  - dynamic programming
KW  - dynamic treatment effects
KW  - skill complementarity
KW  - random coefficients
        ER  -