UNRAVELING SUPPLY-AND-DEMAND FACTORS IN WORK-RELATED TRAINING

This paper attempts to unravel supply and demand factors of work-relat ed training by exploiting information from workers who wanted to recei ve such training but did not get it. Workers' willingness to receive t raining varies with their level of education, background characteristi cs, and job characteristics, Firms' gains from training vary across in dustries, and with workers' gender and age. Half of the untrained work ers are not trained because the net returns to the worker would be neg ative, while the net returns to the firm would be positive. For anothe r third of the untrained workers exactly the opposite is the case.