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UID:20250909T152749EDT-9847ujP6lA@132.216.98.100
DTSTAMP:20250909T192749Z
DESCRIPTION:Dita Eckardt (LSE)\n	Date: January 24\, 2020\n	Time and Location:
  10:00 a.m.\, Leacock 429\n\nAbstract:\n	Individuals are often trained in a
  specific field but work in another. This paper analyses the returns to di
 fferent training-occupation combinations. To this end\, I use an administr
 ative employment panel which contains the apprenticeship training for a la
 rge sample of workers in Germany. In this context\, 70% of individuals wit
 h at least upper-secondary education hold apprenticeships\, and 40% of the
 se work in occupations they were not trained for. I combine the administra
 tive data with historical data on occupation-specific vacancies to causall
 y identify the returns. To implement the identification strategy\, I set u
 p an augmented Roy model and extend existing control function approaches t
 o deal with selection in a two-stage\, high-dimensional setting. The resul
 ts suggest that workers trained in their current occupation earn 10−12% mo
 re than workers trained outside their occupation\, and that not controllin
 g for selection leads to substantial negative bias. I find considerable he
 terogeneity in the estimated returns and use task content data to show tha
 t returns to training-occupation combinations are decreasing in the task d
 istance between training and occupation. Finally\, I argue that ex-ante im
 perfect information may lead to training choices that are suboptimal ex-po
 st and find that\, as a result\, 4−6% of wages are foregone for the averag
 e worker.Back-of-the-envelope calculations suggest that retraining program
 mes could be very effective in addressing this friction\n\n \n
DTSTART:20200124T150000Z
DTEND:20200124T163000Z
LOCATION:Leacock 429\, Leacock Building\, CA\, QC\, Montreal\, H3A 2T7\, 85
 5 rue Sherbrooke Ouest
SUMMARY:Dita Eckardt (LSE)\, “Are Chemists Good Bankers? Returns to the Mat
 ch between Training and Occupation”
URL:/economics/channels/event/dita-eckardt-lse-are-che
 mists-good-bankers-returns-match-between-training-and-occupation-305571
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