Ruhr Economic Papers

Ruhr Economic Papers #553

The Pecuniary and Non-pecuniary Returns to Voucher-financed Training

by Katja Görlitz and Marcus Tamm

RWI, 04/2015, 25 S./p., 8 Euro, ISBN 978-3-86788-631-4 DOI: 10.4419/86788631

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Abstract

This paper analyzes the returns to training that was co-financed by the German voucher program "Bildungsprämie". The estimation strategy compares outcomes of participants in voucher training with voucher recipients who intended to participate in training, but did not do so because of a random event like course cancellation by the provider of training. We find no impact of voucher training on wages, employment, job tasks and on subjective outcomes (in particular, the risk of job loss and job satisfaction). However, there is evidence that training participants report to better match the skill
requirements of their job.

JEL-Classification: I22, I26, J24, M53

Keywords: Training; vouchers; returns to training; program evaluation

Published as:

Görlitz, K. and M. Tamm (2016), The Returns to Voucher-financed Training on Wages, Employment and Job Tasks. Economics of Education Review 52 : 51-62. DOI: 10.1016/j.econedurev.2016.01.004 

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