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| Main Author: | |
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| Format: | Preprint |
| Published: |
2022
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| Subjects: | |
| Online Access: | https://arxiv.org/abs/2211.12366 |
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| _version_ | 1866908468758183936 |
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| author | Unterhofer, Ulrike |
| author_facet | Unterhofer, Ulrike |
| contents | This paper shows that group composition shapes the effectiveness of labor market training programs for jobseekers. Using rich administrative data from Germany and a novel measure of employability, I find that participants benefit from greater average exposure to highly employable peers through increased long-term employment and earnings. The effects vary significantly by own employability: jobseekers with a low employability experience larger long-term gains, whereas highly employable individuals benefit primarily in the short term through higher entry wages. An analysis of mechanisms suggests that within-group competition in job search attenuates part of the positive effects that operate through knowledge spillovers. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2211_12366 |
| institution | arXiv |
| publishDate | 2022 |
| record_format | arxiv |
| spellingShingle | Peer Effects in Labor Market Training Unterhofer, Ulrike Econometrics This paper shows that group composition shapes the effectiveness of labor market training programs for jobseekers. Using rich administrative data from Germany and a novel measure of employability, I find that participants benefit from greater average exposure to highly employable peers through increased long-term employment and earnings. The effects vary significantly by own employability: jobseekers with a low employability experience larger long-term gains, whereas highly employable individuals benefit primarily in the short term through higher entry wages. An analysis of mechanisms suggests that within-group competition in job search attenuates part of the positive effects that operate through knowledge spillovers. |
| title | Peer Effects in Labor Market Training |
| topic | Econometrics |
| url | https://arxiv.org/abs/2211.12366 |