Effect of informal training on skill levels of manufacturing workers

Bora Kim, Sang-Soo Park

Research output: Contribution to journalArticlepeer-review


Using self-reported data on training and productivity in ‘Human Capital Corporate Panel’ and employing a bivariate probit model that has a dynamic aspect, we were able to estimate skill level depreciation rate and effect of both formal and informal trainings on skill accumulation. Average annual depreciation rate of skill level was estimated to be 24%. Both formal and informal trainings were estimated to be effective in skill accumulation.

Original languageEnglish
Pages (from-to)34-47
Number of pages14
JournalJournal of Economic Theory and Econometrics
Issue number1
Publication statusPublished - 2016 Mar 1


  • Bivariate probit model
  • Informal training
  • Simulated maximum likelihood estimation
  • Skill accumulation and depreciation

ASJC Scopus subject areas

  • Economics and Econometrics


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