Abstract
Data from the Youth Cohort Study of Britain are used to estimate hazard functions for time to first job by school leavers. Participants in the Youth Training Scheme (YTS) are compared with non-participants. When time taken to obtain a job is modeled, YTS trainees obtain jobs at a slower rate than non-trainees even when time spent on YTS is excluded. However, female YTS trainees obtain 'good' jobs at a faster rate than non-trainees when time spent on YTS is excluded. Our main results are robust to the inclusion of a selectivity effect, and to the inclusion of local labor market conditions as a time-dependent covariate. Copyright 1994 by Royal Economic Society.
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