TY - GEN N1 - Argumenta Oeconomica, 2021, Nr 2 (47), s. 253-269 N2 - This paper attempts to evaluate some implications of the risk of investment in human capital on employee mobility in the United Kingdom. Previous empirical studies showed that the earnings risk affects individual educational and occupational choices. However, the focus was not on the risk associated with investment in job-related training. Given the fact that training benefits for the employee (return on investment) can hardly be predicted accurately, it was hypothesized that financial (earnings) risk has a significant impact on employee labour market mobility. Using the rich panel data from the eighteen waves of the British Household Panel Survey, the study investigated the effect of the risk on employees’ voluntary job changes. The results indicate that the higher risk of investment in job-related training leads to a higher probability of promotion or finding a new job. L1 - http://dbc.wroc.pl/Content/112721/Shelest-Szumilas_Does_the_risk_matter.pdf M3 - artykuł L2 - http://dbc.wroc.pl/Content/112721 PY - 2021 KW - human capital KW - investment in training KW - earnings risk KW - labour market mobility C1 - Pewne prawa zastrzeżone na rzecz Autorów i Wydawcy A1 - Shelest-Szumilas, Olena PB - Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu C6 - Dla wszystkich zgodnie z licencją LA - eng CY - Wrocław ID - DOI: 10.15611/aoe.2021.2.11 T1 - Does the risk matter? The study of the effect of earnings risk on employee mobility in the labour market UR - http://dbc.wroc.pl/dlibra/publication/edition/112721 ER -