Euler Equations, Subjective Expectations and Income Shocks
In: Economica, Band 87, Heft 346, S. 406-441
143 Ergebnisse
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In: Economica, Band 87, Heft 346, S. 406-441
SSRN
In: NBER macroeconomics annual, Band 27, Heft 1, S. 57-77
ISSN: 1537-2642
In: Research in economics: Ricerche economiche, Band 53, Heft 1, S. 1-3
ISSN: 1090-9451
In: NBER Working Paper No. w4811
SSRN
Working paper
In: NBER Working Paper No. w4454
SSRN
In: NBER working paper series 13931
"Youth unemployment in Latin America is exceptionally high, as much as 50% among the poor. Vocational training may be the best chance to help unemployed young people at the bottom of the income distribution. This paper evaluates the impact of a randomized training program for disadvantaged youth introduced in Colombia in 2005 on the employment and earnings of trainees. This is one of a couple of randomized training trials conducted in developing countries and, thus, offers a unique opportunity to examine the causal impact of training in a developing country context. We use originally collected data on individuals randomly offered and not offered training. We find that the program raises earnings and employment for both men and women, with larger effects on women. Women offered training earn about 18% more than those not offered training, while men offered training earn about 8% more than men not offered training. Much of the earnings increases for both men and women are related to increased employment in formal sector jobs following training. The benefits of training are greater when individuals spend more time doing on-the-job training, while hours of training in the classroom have no impact on the returns to training. Cost-benefit analysis of these results suggests that the program generates a large net gain, especially for women"--National Bureau of Economic Research web site
In: NBER working paper series 12994
In: NBER working paper series 10338
World Affairs Online
In: NBER working paper series 9830
In: NBER working paper series 7694
In: The economic journal: the journal of the Royal Economic Society, Band 125, Heft 583, S. 269-294
ISSN: 1468-0297
In: American economic review, Band 99, Heft 2, S. 87-92
ISSN: 1944-7981
In: The journal of human resources, Band 33, Heft 3, S. 575
ISSN: 1548-8004
In: Carnegie Rochester Conference series on public policy: a bi-annual conference proceedings, Band 42, S. 39-89
ISSN: 0167-2231