Dynamic Treatment Effects of Job Training / Jorge Rodríguez, Fernando Saltiel, Sergio S. Urzúa.

Format:

Book

Author/Creator:

Rodríguez, Jorge.

Contributor:

National Bureau of Economic Research.

Saltiel, Fernando.

Urzúa, Sergio S.

Series:

Working Paper Series (National Bureau of Economic Research) no. w25408.

NBER working paper series no. w25408

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2018.

Summary:

This paper estimates the dynamic returns to job training. We posit a dynamic-discrete choice model of sequential training participation, where choices and earnings depend on observed and unobserved characteristics.We define treatment effects, including policy relevant parameters, and link them to continuation values. The empirical analysis is carried out using data combining job training records, matched employee-employer information, and pre-labor market ability measures from Chile. We document small positive average returns, large unobserved heterogeneity in responses, and dynamic substitutability of training investments. Our policy relevant treatment effects vary across dynamic response types, highlighting the relevance of our framework.

Notes:

Print version record

December 2018.