@TechReport{iza:izadps:dp1443,
            	author={Lechner, Michael and Miquel, Ruth and Wunsch, Conny},
            	title={Long-Run Effects of Public Sector Sponsored Training in West Germany},
            	year={2004},
	month={Dec},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={1443},
            	url={https://www.iza.org/publications/dp1443},
	abstract={Between 1991 and 1997 West Germany spent on average about 3.6 bn Euro per year on public sector sponsored training programmes for the unemployed. We base our empirical analysis on a new administrative data base that plausibly allows for selectivity correction by microeconometric matching methods. We identify the effects of different types of training programmes over a horizon of more than seven years. Using bias corrected weighted multiple neighbours matching we find that all programmes have negative effects in the short run and positive effects over a horizon of about four years. However, for substantive training programmes with duration of about two years gains in employment probabilities of more than 10% points appear to be sustainable, but come at the price of large negative lock-in effects.},
	keywords={panel data;matching estimation;active labour market policy;programme evaluation},
            }