We expand Acemoglu and Pischke's seminal model of training in imperfect labor markets by including the system of collective wage bargaining and the components of firms' training costs. Thus we can adapt their model to institutional changes that occurred since the 1990s. The model and the...

Based on a randomized controlled trial conducted on extremely poor youths in Nepal, we report the impact of a vocational training program that offered long-duration training combined with incentives for trainers tied to trainees' success. Furthermore, to mimic the practices in the field, a...