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Title:Quick job entry or long-term human capital development? The dynamic effects of alternative training schemes PDF Logo
Authors:Osikominu, Aderonke
Issue Date:2012
Series/Report no.:CESifo working paper: Labour Markets 3828
Abstract:This paper investigates how precisely short-term, job-search oriented training programs as opposed to long-term, human capital intensive training programs work. We evaluate and compare their effects on time until job entry, stability of employment, and earnings. Further, we examine the heterogeneity of treatment effects according to the timing of training during unemployment as well as across different subgroups of participants. We find that participating in short-term training reduces the remaining time in unemployment and moderately increases job stability. Long-term training programs initially prolong the remaining time in unemployment, but once the scheduled program end is reached participants exit to employment at a much faster rate than without training. In addition, they benefit from substantially more stable employment spells and higher earnings. Overall, long-term training programs are well effective in supporting the occupational advancement of very heterogeneous groups of participants, including those with generally weak labor market prospects. However, from a fiscal perspective only the low-cost short-term training schemes are cost efficient in the short run.
Subjects:training
program evaluation
duration analysis
dynamic treatment effects
multiple treatments
active labor market policy
JEL:J64
C41
J68
I28
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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