Determinants of Economic Success in Retraining the Unemployed: The West Virginia Experience
Ernst W. Stromsdorfer
Journal of Human Resources, 1968, vol. 3, issue 2, 139-158
Abstract:
The economic costs and benefits of government-sponsored retraining of the long-term unemployed in West Virginia from 1959 through 1964 are examined and analyzed in this study of the post-training labor market experience of 879 Trainees, Nontrainees, and other groups. A multivariate analysis was used. When the effects of age, sex, education, and other socioeconomic and labor market variables were held constant, the net effect of retraining on employment and before-tax earnings for the study sample was shown to be positive and statistically significant. Average monetary benefits exceeded average monetary costs during the 18-month post-training period.
Date: 1968
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Persistent link: https://EconPapers.repec.org/RePEc:uwp:jhriss:v:3:y:1968:i:2:p:139-158
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