Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/248962 
Year of Publication: 
2021
Series/Report no.: 
CESifo Working Paper No. 9417
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
This paper examines how and why returning to education fosters recovery from negative employment shocks among high school dropouts. High school dropout remains a problem, particularly as employment is increasingly skilled over time. Exploiting a policy expanding a Norwegian vocational certification scheme in a triple difference framework, workers displaced post-expansion certify their skills at significantly higher rates relative to those displaced pre-expansion. Increases in certification post-expansion significantly reduce income losses after job loss. Certifying skills fosters recovery among early career displaced workers through the retention of relevant industry-specific human capital, which increases job stability over 20 years later.
Subjects: 
job displacement
vocational education
unemployment
JEL: 
J63
J65
I26
Document Type: 
Working Paper
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