Lechner, Michael; Melly, Blaise - 2010 - This version: April, 2010
In an evaluation of a job-training program, the influence of the program on the in-dividual wages is important, because … it reflects the program effect on human capital. Esti-mating these effects is complicated because we observe wages only … program, we find that a considerable improvement of the long-run potential wages of its participants. -- Bounds ; treatment …