We use experimental data of a training program in 2005 in Colombia. We find that even up to ten years ahead, the JeA program had a positive and significant effect on the probability to work in the formal sector. Applicants in the treatment group also contributed more months to social security...

Finally, we find that the benefits of the JeA program are higher than it costs, leading to an internal rate of return of at least 22.1 percent. On the whole, the program was a cost-effective alternative, worth to consider to bridging the transit of youths from the informal to the formal sector...

The authors present matching estimators of the impact on earnings for individuals who attended public and private job training programs in Colombia. They estimate propensity scores by controlling for the variety of personal and socioeconomic background variables of those individuals. The effect...