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Title: Applying Heterogeneous Transition Models in Labour Economics: The Role of Youth Training in labour Market transitions.
Authors: Mealli, Fabrizia
Pudney, Stephen
First Published: Aug-1999
Publisher: Dept. of Economics, University of Leicester.
Abstract: We illustrate the difficulties raised by four features of realistic transition models in labour economics: dimensionality, institutional constraints, persistence and sample attrition. We estimate a multi-spell multi-state transition model using longitudinal data on the 1988 cohort of male school-leavers in North-West England. The model predicts transitions between college, the government Youth Training Scheme (YTS), employment and unemployment, allowing for endogenous sample attrition and persistent cross-correlated heterogeneity. We simulate the impact of YTS, allowing for endogenous YTS selection induced by heterogeneity. The main endings are a strong positive effect of YTS participation on employment prospects and a large negative impact of early drop-out from YTS.
Series/Report no.: Papers in Public Sector Economics
Type: Report
Appears in Collections:Reports, Dept. of Economics

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