Publication
The Korean Economic Forum
New Direction of Evaluation on Labor Market Program Application of Causal Machine Learning to Vocational Training in Korea
Yong-seong Kim (Korea University of Technology and Education)Year 2024Vol. 17No. 1
Abstract
This study introduces a machine learning method (DML) recently used for
causal analyses on labor market issues and presents the results of applying DML
to Korea’s vocational training data. Voluminous studies have estimated the effect
of training on employment and they have come up short of consensus. The
DML’s flexibility in setting relationships of variables may help to avoid problems
related to model specification. The DML’s properties of the debiasedness and
robustness may also provide what the reasonable range of training effects should
be. In addition, the paper attempt heterogeneous treatment effects, which will
be informative to policy implementation.