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

  • Madalina Ecaterina Popescu
  • Ramona-Mihaela PaunEmail author
Conference paper
Part of the Eurasian Studies in Business and Economics book series (EBES, volume 11/1)

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.

Keywords

Vocational training Earnings Impact evaluation Ordered logit 

Notes

Acknowledgements

The authors would like to thank the Romanian National Scientific Research Institute for Labor and Social Protection (INCSMPS) for providing access to the micro-survey database. The authors would also like to thank Webster University Thailand for financially supporting this research.

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Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  • Madalina Ecaterina Popescu
    • 1
  • Ramona-Mihaela Paun
    • 2
    Email author
  1. 1.The National Scientific Research Institute for Labor and Social Protection, The Bucharest University of Economic StudiesBucharestRomania
  2. 2.George Herbert Walker School of Business and Technology, Webster University ThailandBangkokThailand

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