Stick, Carrot and Skill Acquisition*
研究了专门针对青年失业者的技能培训项目（YUPs）对失业率、普通培训挤出效应、福利和工资分散度的影响，通过均衡匹配模型分析技能选择内生性。
Abstract We evaluate the impact of specially designed youth unemployment programmes (YUPs), intended to provide young unemployed unskilled workers with skills. If unemployment among skilled workers is lower than among unskilled workers, YUPs imply that unemployment falls. However, YUPs potentially crowd out ordinary training. We set up an equilibrium matching model with endogenous skill choice and examine the impact of an increase in programme participation. We derive a condition for crowding out of ordinary training, as well as a condition for an increase in the skilled labour force and thereby reduced unemployment. The impact of YUPs on welfare and wage dispersion is also considered.