The Wage Effect of YTS: Evidence from YCS
Gerald Makepeace and
John G Treble
Scottish Journal of Political Economy, 1994, vol. 41, issue 4, 444-53
The two-year Youth Training Scheme (YTS) is assessed by comparing the earnings of individuals who have had seven different types of training. Earnings are predicted from a model that allows for systematic selection of individuals into each training regime and differences between regimes. The evidence discussed suggests that young people whose only training has been on YTS typically earn less than comparable individuals who have no formal training and that comparable individuals currently undertaking off-the-job training or apprenticeships typically earn less if they have participated on YTS than if they had not. Copyright 1994 by Scottish Economic Society.
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