Youth Unemployment, Labor Market Programs and Subsequent Earnings
基于瑞典青年数据，研究失业、公共救济工作和劳动力市场培训对小时工资的影响，发现一年失业使收入降低2%，而项目效果不显著，但控制个体固定效应后失业负效应消失。
The effects of unemployment, public relief jobs, and labor-market training on subsequent hourly earnings are examined in a sample of Swedish youth. Earnings equations are estimated using both cross-section and panel data methods, and biases due to sample selection, endogeneity of unemployment and program participation, and omitted individual effects are considered. The main finding is that one year of unemployment reduces earnings by two percent, while the effects of labor-market programs are negligible. However, the negative unemployment effect is eliminated when time-invariant individual effects are accounted for. Copyright 1991 by The editors of the Scandinavian Journal of Economics.