TYPE-SPECIFIC RETURNS TO ENTERPRISE-RELATED TRAINING

In this paper we develop an empirical model for heterogeneous human ca pital investment decisions. We apply this model to the investment in e nterprise-related training. Three types of training investments are di stinguished: technical training, economic-administrative training, and other enterprise-related training. The empirical results show that te chnical training yields relatively the lowest wage gain, while other e nterprise-related training yields the highest wage gain. The results s uggest that access into training is determined by employer selection o f workers for training and that for workers entry into training is res tricted. We also find evidence to indicate underinvestment in enterpri se-related training.