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- W2247689051 abstract "In a previous paper (O'Higgins, 1994) I looked at the effects that participation on the Youth Training Scheme (YTS) in Britain had on young people's chances of finding work. The discussions of YTS in that paper suggest that wages might be a second suitable indicator of the effectiveness of YTS. However, whereas the of YTS on employment probability was expected to be unequivocally positive, its influence on wages is not so clear cut. From the point of view of the scheme's proponents, two distinct and opposing desired effects may be identified. Firstly, YTS was intended to raise the levels of participants' capital. Thus, one would expect a positive human capital effect on wages arising through the greater post-programme productivity of participants. Secondly, YTS was also to make young people's wage expectations more realistic (i.e. lower). Thus, there should be a second negative arising from the lower expected, and/or reservation wages of participants. In addition, in what follows, a third due to the increased chances of receiving a job offer arising out of YTS participations in also identified." @default.
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- W2247689051 date "1995-04-15" @default.
- W2247689051 modified "2023-09-27" @default.
- W2247689051 title "Why did the youth training scheme reduce reduce the wages of young people? A story of human capital formation, reservation wages and job offers" @default.
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