Does Employer-Financed General Training Pay? Evidence from the US Navy.

Examines whether the US Navy's Voluntary Education program leads to lower personnel turnover. Finds that program participation is associated with an 11-percentage-point increase in the probability of continuing in the Navy for 6 years. Findings seem to support the theory that general training safeguards employer investments in specific training by reducing employee turnover. (Contains 15 references.) (Authors/PKP)