Economic benefits of lifelong learning

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Permanent URL for this page: http://hdl.voced.edu.au/10707/239321.

Author: Dorsett, Richard; Lui, Silvia; Weale, Martin

Abstract:

This paper examines the effect of lifelong learning on men's employment and wages. Using data from the British Household Panel Survey, a variant of the mover-stayer model is developed in which hourly wages are either taken from a stationary distribution (movers) or are closely related to the hourly wage one year earlier (stayers). Mover-stayer status is not observed and we therefore model wages using an endogenous switching regression, extended to take account of non-random selection into employment. The model is estimated by maximum likelihood, using generalised residuals to correct for...  [+] Show more

Subjects: Lifelong learning; Employment; Gender; Outcomes; Income; Qualifications

Keywords: Return on education and training; Wage; Educational level

Geographic subjects: Great Britain; Europe

Published: London, England: Centre for Learning and Life Chances in Knowledge Economies and Societies, 2010

Physical description: 38 p.

Access item:

http://www.llakes.org/wp-content/uploads/2010/08/DorsettLuiWealeComplete.pdf

Series: LLAKES research paper; no. 13

ISSN: 2042-5929

Resource type: Paper

Call number: TD/TNC 111.189

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