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How Does Vocational Training Impact Job Seekers’ Professional Transitions? (In French)

Author

Listed:
  • Kevin M. Frick
  • Yagan Hazard
  • Thomas Zuber
  • Damien Mayaux

Abstract

Does vocational training help reduce structural imbalances in the labor market? We construct a new measure of occupational distance by applying a natural language processing algorithm to a large sample of job offers. Using this new measure of occupational distance we find that the effect of training on re-employment is driven by re-employment in occupations which are distant (in terms of skills) from job seekers’ original occupations. From a purely reallocative point of view, however, the effect of vocational training on the return to employment does not appear to be driven by re-employment in tight occupations. Our results rely on a conditional independence assumption and should therefore be interpreted with caution.

Suggested Citation

  • Kevin M. Frick & Yagan Hazard & Thomas Zuber & Damien Mayaux, 2024. "How Does Vocational Training Impact Job Seekers’ Professional Transitions? (In French)," Working papers 985, Banque de France.
    • Handle: RePEc:bfr:banfra:985
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    File URL: https://www.banque-france.fr/system/files/2024-12/WP985_0.pdf
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    Keywords

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    JEL classification:

    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion
    • J68 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Public Policy
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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