Are Training Programs More Effective When Unemployment Is High?
利用德国行政数据，通过匹配估计方法分析培训项目对失业者短期、中期和长期的劳动力市场效果，发现项目效果与失业率呈正相关。
We estimate short, medium, and long-run individual labor market effects of training programs for unemployed by following program participation on a monthly basis over a ten-year period. Since analyzing the effectiveness of training over such a long period is impossible with experimental data, we use an administrative database compiled for evaluating German training programs. Based on matching estimation adapted to the various issues that arise in this particular context, we find a clear positive relation between the effectiveness of the programs and the unemployment rate over time.