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

Kevin Michael Frick, Yagan Hazard, Thomas Zuber and Damien Mayaux

Working papers from Banque de France

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.

Keywords: Unemployment; Professional Training; Human Capital; Professional Transitions (search for similar items in EconPapers)
JEL-codes: J24 J62 J68 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:bfr:banfra:985

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