 The impact of training vouchers on low-skilled workersDiana Hidalgo, Hessel Oosterbeek and Dinand Webbink Labour Economics, 2014, vol. 31, issue C, 117-128 Abstract: This paper reports about a randomized experiment in which training vouchers of €1000 were given to low-skilled workers. The vouchers increase training participation by almost 20 percentage points in two years, relative to a base rate of 0.45. This increased participation comes at a substantial deadweight loss of almost 60%. Consistent with predictions from human capital theory, we find that vouchers cause a shift towards more general forms of training. We do not find any significant impact of the program on monthly wages or on job mobility. The program does, however, have a significant impact on future training plans. Compared to always-takers, new trainees are more often male, more risk averse, work shorter hours and are less likely to have participated in training prior to treatment. Compared to never-takers, they are more often female, work longer hours and have a somewhat lower formal education level. Keywords: Training; Vouchers; Individual learning accounts; Experiment; Deadweight loss (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:labeco:v:31:y:2014:i:c:p:117-128 DOI: 10.1016/j.labeco.2014.09.002 Access Statistics for this article Labour Economics is currently edited by A. Ichino More articles in Labour Economics from Elsevier |
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