Job Training Through Turmoil
We follow the labor market outcomes of applicants who were randomized into job training a year and a half before the pandemic through the subsequent economic turmoil that resulted from COVID-19. Despite persistently improved labor market outcomes of training participants prior to March 2020, we show that job losses resulting from the pandemic washed away all the benefits of the program. A year and a half after the initial scars of the pandemic, there are no visible signs of recovery of trainees’ labor market outcomes.
We thank Layane Alhorr, Shaun Dougherty, Robert French, Charles Gale, Ramin Izadi, Martti Kaila, and Hanna Virtanen for helpful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.