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


Osikominu, Aderonke (2012). Quick Job Entry or Long-Term Human Capital Development? The Dynamic Effects of Alternative Training Schemes. Working paper series / Department of Economics 76, University of 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.

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.

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Additional indexing

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Economics
Working Paper Series > Department of Economics
Dewey Decimal Classification:330 Economics
JEL Classification:J64, C41, J68, I28
Uncontrolled Keywords:Training, program evaluation, duration analysis, dynamic treatment effects, multiple treatments, active labor market policy
Language:English
Date:May 2012
Deposited On:16 May 2012 13:06
Last Modified:07 Dec 2017 14:07
Series Name:Working paper series / Department of Economics
Number of Pages:38
ISSN:1664-7041
Official URL:http://www.econ.uzh.ch/static/wp/econwp076.pdf
Related URLs:http://www.econ.uzh.ch/static/workingpapers.php

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