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Are Vocational Training Programmes Worth Their Cost? Evidence from a Cost-Benefit Analysis

Author

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  • Martina Bazzoli
  • Silvia De Poli
  • Enrico Rettore
  • Antonio Schizzerotto

Abstract

This paper complements the empirical literature on the impact evaluation of training courses, by comparing the benefits of training courses with the costs borne by the public administration to implement them. We focus on long-duration vocational training courses for unemployed people implemented in the autonomous Province of Trento (Italy) in 2010 and 2011, and we find a positive impact on the probability of being employed three years after the programme. Training programmes also have positive effects on earnings, but the overall benefits in the two or three years after the programme do not cover the costs incurred in their delivery.

Suggested Citation

  • Martina Bazzoli & Silvia De Poli & Enrico Rettore & Antonio Schizzerotto, 2018. "Are Vocational Training Programmes Worth Their Cost? Evidence from a Cost-Benefit Analysis," Politica economica, Società editrice il Mulino, issue 3, pages 215-240.
    • Handle: RePEc:mul:je8794:doi:10.1429/92119:y:2018:i:3:p:215-240
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    Cited by:

    1. Pastore, Francesco & Pompili, Marco, 2019. "Assessing the impact of off- and on-the-job training on employment outcomes. A counterfactual evaluation of the PIPOL program," GLO Discussion Paper Series 333, Global Labor Organization (GLO).
    2. Francesco Pastore & Marco Pompili, 2020. "Assessing the Impact of Off-the-Job and On-the-Job Training on Employment Outcomes: A Counterfactual Evaluation of the PIPOL Program," Evaluation Review, , vol. 44(2-3), pages 145-184, April.

    More about this item

    Keywords

    Labour Policy; Training Programmes; Policy Evaluation; Cost-Benefit; Local Study.;
    All these keywords.

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • D04 - Microeconomics - - General - - - Microeconomic Policy: Formulation; Implementation; Evaluation
    • J68 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Public Policy

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