Quick Job Entry or Long-Term Human Capital Development? The Dynamic Effects of Alternative Training Schemes

• 成果类型: Article
• 署名作者: Osikominu, Aderonke
• 署名单位: University of Zurich; University of Freiburg; Leibniz Association; Ifo Institut; IZA Institute Labor Economics
• 刊物名称: REVIEW OF ECONOMIC STUDIES
• ISSN/ISSBN: 0034-6527
• DOI: 10.1093/restud/rds022
• 发表日期: 2013
• 页码: 313-342
• 关键词: labor-market programs; nonparametric identification; duration models; EMPLOYMENT; IMPACT; estimator; tasks

摘要

This article 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.