Dynamic training participation model reveals no superior estimator for British employees.
The article compares different methods for estimating how British employees participate in work-related training. The researchers looked at three random effects models and two generalised method of moments models. They used real data from the British Household Panel Survey from 1991 to 1997. The results show that no single method is clearly better than the others for predicting training participation. The random effects models were not affected by the distribution of unobserved factors.