Time distributed difference-in-differences estimates of return to training
This work is devoted to estimating the individual return to worker’s profes- sional training. The research is based on the personnel records of Russian metal- lurgical enterprise (2006–2010). The main factors that distinguish this paper from others are the following: (I) We focused on the internal labour market, concluding that it has common peculiarities of wage setting concerned with training as an open labour market. (II) We show that mobility-friendly training programs give high re- turns, and not only in transition economies. (III) We suggest controlling for mobility by choosing a corresponding control group. (IV) We use a robust new specification that is reactive to different dynamics of the dependent variable in treated and con- trol groups in difference-in-differences estimates. (V) We compared three different kinds of training and our conclusions could have practical application. The best way to raise personal earnings is on-the-job training. The internal mobility caused by retraining courses has the same impact on workers as if they lacked retraining. The wages of workers trained in the same field grow randomly for a few months before and after training. Nevertheless it is difficult to prove the causal effect of this kind of
training on wage growth
Estimating mincer-type wage equations on the micro-data of Occupational Wages Survey, 2007 we first receive estimates for returns to higher education for all regions-subjects of Russian Federation. Our results show that interregional differentces in returns are very large in Russia. Returns to higher education received from the estimation of basic mincerian equation lie in the range from 32 to 140% (from the average wage of workers with secondary education), and the country level of return equals to 65%. Variation in estimates based on an augmented wage equation (which additionally includes industries and ownership) is much lower, but it still remains quite substantial: estimates differ from about 60 to 150%, and the country level of return equals to 90%. In this regard, the standard approach producing one estimate of return to education for the whole country seems to be a serious simplification, and an answer to the question what is the level of return to education in Russia is no more trivial.
отдача от образования, РЕГИОНЫ, РОССИЯ, Return to Education, Regions, Russia
This paper is devoted to the rational behavior in the sense of the educational level choice. The theoretical model is based on the discounted flow of personal’s utility function covered the period of the education and future work. Maximizing the flow under the budget constraint we received differential equation included the rate of income grow after the acquisition of education. The solution is the Mincerian type equation. The main result of the model is that the persons with rapid growth of their earnings profile should have the smaller slope coefficients of schooling in the earnings equation. The empirical part of the research is based on the Russian Longitudinal Monitoring Survey (RLMS) data set. The theoretical results have been confirmed by the regression analysis. Splitting the RLMS sample according to the respondents’ wage profiles we received that highly educated agents unlike the unskilled workers have higher income but slighter slope earnings profiles. It means that the workers expected the high growth of their incomes after the schooling are less inclined to receive higher level of education. Otherwise the persons who expected high income on the job start justify their hopes, but come across the low growth of the incomes.
Training and development of employees is one of the main directions of the HR-manager in the organization. The textbook describes the description and analysis of training as one of the methods of training and development of personnel. The structure of the textbook includes methodological and methodical aspects of training as a method of development of the individual, group, organization. Each section contains questions for self-examination and practical assignments.
The textbook is intended for students studying in the areas of "Management", "Business Management", "Personnel Management", "Psychology of Personality",as well as other socio-economic areas.
Editors Neal Chalofsky, Tonette Rocco, and Michael Lane Morris have compiled a collection of chapters sponsored by the Academy of Human Resource Development that provide revolutionary insight into the concepts, theories, research initiatives, and practical applications essential to HRD. Topics range from HRD foundations, workforce development, and management to more specific topics such as implementing and managing HRD initiatives in the organization. The chapters are written by professionals who offer a wide range of experience and who represent the industry from varying international and demographic perspectives. The questions addressed include:
• Nationally and internationally, how does HRD stand with regard to academic study and research?
• What is its place in the professional world?
• What are the philosophies, values, and critical perspectives driving HRD forward?
• What theories, research initiatives, and other ideas are required to understand HRD and function successfully within this field?
• As the industry grows, what are the challenges and important issues that professionals expect to face? What hot topics are occupying these professionals now?
The concept and aim of evidence-based entrepreneurship (EBE) is discussed as a strategy to overcome the divide between knowledge developed in the field of entrepreneurship and its use in practice. We argue that meta-analyses can and should be used in entrepreneurship research (and that it should also be used for qualitative work).
In this work the demand for the incoming tourism in the Russian Federation is modeling. The panel data for 16 countries - the basic sources of tourist streams - and the period with 2000 for 2009 are used. Modeling is spent separately for each of 10 tourist zones of Russia. In quality a determinant of demand there are considered a total national product in a country of origin, the exchange rate, transport charges, cost of residing, lag of the demand variable and the fictitious variables reflecting influence of shocks in quality a determinants of demand. The received estimations of dynamic models of demand correspond to expectations, are statistically significant and can be useful in practice of planning of development of entrance tourism in various municipal formations and regions of Russia.
The paper examines the structure, governance, and balance sheets of state-controlled banks in Russia, which accounted for over 55 percent of the total assets in the country's banking system in early 2012. The author offers a credible estimate of the size of the country's state banking sector by including banks that are indirectly owned by public organizations. Contrary to some predictions based on the theoretical literature on economic transition, he explains the relatively high profitability and efficiency of Russian state-controlled banks by pointing to their competitive position in such functions as acquisition and disposal of assets on behalf of the government. Also suggested in the paper is a different way of looking at market concentration in Russia (by consolidating the market shares of core state-controlled banks), which produces a picture of a more concentrated market than officially reported. Lastly, one of the author's interesting conclusions is that China provides a better benchmark than the formerly centrally planned economies of Central and Eastern Europe by which to assess the viability of state ownership of banks in Russia and to evaluate the country's banking sector.
The paper examines the principles for the supervision of financial conglomerates proposed by BCBS in the consultative document published in December 2011. Moreover, the article proposes a number of suggestions worked out by the authors within the HSE research team.