TY - JOUR 
A1 - Blázquez Cuesta, Maite
AU - Ramos Rodrigo, José
T1 - Recent investments in human capital and its effect on the chances of escaping from low-paid jobs: The Spanish case
Y1 - 2008
UR - http://hdl.handle.net/11268/312
AB - General education and training are major forces determining earnings. According to the human capital model, wage differentials among individuals over the life-cycle are largely the result of different patterns of investment in human capital. This paper is intended to analyze the effects of recent investments in human capital – general education, vocational/training or language courses - on workers’ relative earnings and on the probability of making an upwards transition in the earnings distribution. The analysis is done for Spain, using the European Community Household Panel (1995-2001). Our results reveal that having been recently in education or training (mainly vocational/training courses) significantly increases the probability of escaping from low pay to better paid jobs, while decreases the risk of falling into low-wage employment. Furthermore, this positive effect is significantly higher among those workers with a third level of general education completed. A separate analysis for females also reveals these positive returns of recent investments in human capital relative earnings, although in this case they appear to be none statistically significant.
KW - Empleo
LA - eng
ER -