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Excerpt from Simulated Control Groups and the Evaluation of Job-Creation Programs
Stevens, and Lester Thurow for helping us to disentangle some of the con ceptual issues.
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Simulated Control Groups and the Evaluation of Job-Creation Programs
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Paperback. Zustand: New. Print on Demand. This book presents a new method to evaluate job creation programs that create a "simulated control group" to determine how many jobs a program creates beyond those that would have been created on the free market. The author argues that the "traditional" method of counting how many jobs are directly funded overestimates the actual job creation impact of a program, because it does not account for jobs that would have been created anyway. The author's method uses data from the national labor market to create a statistical model that simulates the expected work experiences of a control group of workers who are similar to the program participants in terms of age, race, sex, and prior labor market experience. The author then compares the actual work experiences of the program participants to the simulated work experiences of the control group to estimate how much work each participant would have been expected to have had without the program. The author finds that the traditional method of counting how many jobs are directly funded overestimates the actual job creation impact of a program by about 30%. This finding suggests that the government may be able to create more jobs with the same amount of money by using the author's method to evaluate its job creation programs. This book is a valuable resource for anyone interested in evaluating the effectiveness of job creation programs. It provides a new method that is more accurate than the traditional method, and it offers insights into the factors that affect the success of job creation programs. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9781333733520_0
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