Regional Discontinuities and the Effectiveness of Further Training Subsidies for Low-Skilled Employees
利用德国行政数据，分析继续培训补贴对低技能员工就业时长和收入的影响，发现补贴在短期内有效，但总体对公共预算不划算。
The author analyzes the effects of further training subsidies for low-skilled employees on individual labor market outcomes in Germany. Using detailed administrative data, the author exploits cross-regional variation in the policy styles of local employment agencies to identify causal effects of program participation. Findings show that training subsidies significantly increase cumulative employment duration and earnings in the short run and middle run for compliers, that is, those workers who additionally participate due to a more generous policy style in their agency. These gains are particularly pronounced for certain subgroups, such as women. A rough cost-benefit analysis, however, suggests that the program overall is not beneficial for the public budget.