YTS, Employment, and Sample Selection Bias
In this paper, data from the first Youth Cohort Study (YCS) are used to analyze the effectiveness of the Youth Training Scheme (YTS) in England and Wales in terms of its impact, at an individual level, on the employment prospects of young people. The analysis goes beyond previous work in that it explicitly deals with sample selection bias and heteroscedasticity. A switching bivariate probit model is estimated and is found to be preferred to both the univariate probit model and the bivariate probit model with a YTS participation dummy. The analysis suggests that previous studies of YTS may have underestimated both the size and variability of the effect that the scheme had on participants' chances of finding employment. Copyright 1994 by Royal Economic Society.
Volume (Year): 46 (1994)
Issue (Month): 4 (October)
|Contact details of provider:|| Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK|
Fax: 01865 267 985
Web page: https://academic.oup.com/oep
|Order Information:||Web: http://www.oup.co.uk/journals|
When requesting a correction, please mention this item's handle: RePEc:oup:oxecpp:v:46:y:1994:i:4:p:605-28. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.