Yts, Employment, and Sample Selection Bias

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dc.contributor.author O'HIGGINS, Niall
dc.date.accessioned 2011-05-09T15:12:49Z
dc.date.available 2011-05-09T15:12:49Z
dc.date.issued 1994
dc.identifier.citation Oxford Economic Papers-New Series, 1994, 46, 4, 605-628
dc.identifier.issn 0030-7653
dc.identifier.uri http://hdl.handle.net/1814/17074
dc.description.abstract In this paper, data from the first Youth Cohort Study (YCS) are used to analyse the effectiveness of the Youth Training Scheme (YTS) in England and Wales in terms of its impact, at an individual level, on the employment prospects of young people. The analysis goes beyond previous work in that it explicitly deals with sample selection bias and heteroscedasticity. A switching bivariate probit model is estimated and is found to be preferred to both the univariate probit model and the bivariate probit model with a YTS participation dummy. The analysis suggests that previous studies of YTS may have underestimated both the size and variability of the effect that the scheme had on participants' chances of finding employment.
dc.title Yts, Employment, and Sample Selection Bias
dc.type Article
dc.neeo.contributor O'HIGGINS|Niall|aut|
dc.identifier.volume 46
dc.identifier.startpage 605
dc.identifier.endpage 628
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dc.identifier.issue 4


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