The Effectiveness of Adult Retraining: Evidence from a Meta-Analytic Review
We report the results of a meta-analytic review of the effectiveness of programs designed to retrain workers. The review focuses on studies that rely on identification strategies designed to obtain credible causal effects. We analyze a total of 40 programs that provided skills to unemployed workers and focus on two outcomes: the probability of finding a job and wages. We find that the probability of finding a job of program participants increases on average by 2.6 percentage points after the program and wages increase by 0.08 of a standard deviation. Programs that provide technical skills, those that combine in-classroom with on-the-job training and those provided in partnership with the private sector seem to be more effective.
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Main Author: | Inter-American Development Bank |
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Other Authors: | Matías Busso |
Language: | English |
Published: |
Inter-American Development Bank
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Subjects: | Wage, Skills, Labor, Labor Force, Labor Market, Socio-Emotional Skill, Pandemic, Coronavirus, J08 - Labor Economics Policies, COVID-19, |
Online Access: | http://dx.doi.org/10.18235/0004418 https://publications.iadb.org/en/effectiveness-adult-retraining-evidence-meta-analytic-review |
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