This paper studies the reform effect and the role of training vouchers(계좌
제) in Korea’s public training programs. Using a rich administrative data set,
so called employment insurance data set, we apply non-parametric matching
and dynamic survival analysis regression methods to measure the effect of the
training reform for the unemployed in Korea by comparing with unemployment
training system in the past.
Analyzing the most important type of training in Korea, we find a positive
impact of the voucher which increases the employment probability. We also
investigate the effect and importance of the locking-in-effect(LIE) of previous
training system by exploiting the variation in the duration of between two
training.