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The pre-programme earnings dip and the determinants of participation in a social programme: implications for simple programme evaluation strategies

Article Abstract:

Data from a major social experiment were examined to identify the counterfactual outcomes to the earnings of voluntary participants in a job training program had they not participated. These earning patterns and their implications for the validity of widely-adopted before-after and difference-in-differences estimators were investigated. It was shown that these estimators did not result in credible estimates of the impacts of training.

Author: Heckman, James J., Smith, Jeffrey A.
Publisher: Blackwell Publishers Ltd.
Publication Name: Economic Journal
Subject: Economics
ISSN: 0013-0133
Year: 1999
Employee Training, Research, Estimation theory, Occupational training

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Risk-Averse Rent Seekers and the Social Cost of Monopoly Power

Article Abstract:

Competitive rent seeking is analyzed to evaluate the social cost of monopoly. Assuming the rent-seekers are risk-averse under uncertainty, competition is seen to result in rent dissipation for small rents. For large rents the value of resources utilized in competitive rent seeking may deviate substantially.

Author: Hillman, A.L., Katz, E.
Publisher: Blackwell Publishers Ltd.
Publication Name: Economic Journal
Subject: Economics
ISSN: 0013-0133
Year: 1984
Evaluation, Finance, Monopolies, Social desirability

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