Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/77492 
Year of Publication: 
2012
Series/Report no.: 
Working Paper No. 76
Publisher: 
University of Zurich, Department of Economics, Zurich
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
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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