?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.title=Career+progression+and+formal+versus+on-the-job%0D%0Atraining&rft.creator=Adda%2C+J.&rft.creator=Dustmann%2C+C.&rft.creator=Meghir%2C+C.&rft.creator=Robin%2C+J.&rft.description=We+develop+a+dynamic+discrete+choice+model+of+training+choice%2C+employment+and+wage+growth%2C+allowing+for+job+mobility%2C+in+a+world+where+wages+depend+on+firm-worker+matches%2C+as+well+as+experience+and+tenure+and+jobs+take+time+to+locate.+We+estimate+this+model+on+a+large+administrative+panel+data+set+which+traces+labour+market+transitions%2C+mobility+across+firms+and+wages+from+the+end+of+statutory+schooling.+We+use+the+model+to+evaluate+the+life-cycle+return+to+apprenticeship+training+and+find+that+on+average+the+costs+outweigh+the+benefits%3B+however+for+those+who+choose+to+train+the+returns+are+positive.+We+then+use+our+model+to+consider+the+long-term+lifecycle+effects+of+two+reforms%3A+One+is+the+introduction+of+an+Earned+Income+Tax+Credit+in+Germany%2C+and+the+other+is+a+reform+to+Unemployment+Insurance.+In+both+reforms+we+find+very+significant+impacts+of+the+policy+on+training+choices+and+on+the+value+of+realised+matches%2C+demonstrating+the+importance+of+considering+such+longer+term+implications.&rft.publisher=Institute+for+Fiscal+Studies&rft.date=2006-08&rft.type=Working+%2F+discussion+paper&rft.language=eng&rft.source=++++(IFS+Working+Papers++W06%2F16).+Institute+for+Fiscal+Studies%3A+London%2C+UK.+(2006)+++++&rft.format=application%2Fpdf&rft.identifier=https%3A%2F%2Fdiscovery.ucl.ac.uk%2Fid%2Feprint%2F2661%2F1%2F2661.pdf&rft.identifier=https%3A%2F%2Fdiscovery.ucl.ac.uk%2Fid%2Feprint%2F2661%2F&rft.rights=open