Análisis de la incidencia y duración de la formación laboral financiada por empresas y trabajadores

This paper aims to present empirical evidence on the factors that affect how workers and employers decide to invest in training programs. To achieve this, we use data drawn from the Spanish section of the European Community Household Panel (ECHP; INE, 1995-2000). From the econometric point of view, our objective implies estimating tobit models for panel data with random effects. Thus, not only the probability of investing in training is estimated, but also the amount of training received, measured in days. The analysis is also carried out considering separately whether training is financed by the firm or the employee. We take this approach because it is reasonable to think that the costs and benefits of the decision will rest on whoever decides to invest and pay for these training courses. Therefore, it is possible that one variable has different effects on the incentives faced by workers and firms. Finally, the models are also estimated separately by gender.