Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/148540 
Year of Publication: 
2016
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Article No.:] 316 [Publisher:] Institute for the Study of Labor (IZA) [Place:] Bonn [Year:] 2016
Publisher: 
Institute for the Study of Labor (IZA), Bonn
Abstract: 
The objective of providing vocational training for the unemployed is to increase their chances of re-employment and human capital accumulation. In comparison to mandatory course assignment by case workers, the awarding of vouchers increases recipients’ freedom to choose between different courses and makes non-redemption a possibility. In addition, vouchers may introduce market mechanisms between training providers. However, empirical evidence suggests that voucher allocation mechanisms prolong the unemployment duration of training participants. But, after an initial period of deterioration, better long-term employment opportunities are possible.
Subjects: 
voucher
assignment mechanism
consumer sovereignty
vocational training
unemployment
JEL: 
J38
J68
H43
Persistent Identifier of the first edition: 
Document Type: 
Article

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