The event-history approach to program evaluation

This paper studies the event-history approach to microeconometric program evaluation. We present a mixed semi-Markov event-history model, discuss its application to program evaluation, and analyze its empirical content. The results of this paper provide fundamental insights into what can be learned from longitudinal microdata about, for example, the effects of training programs for the unemployed on their unemployment durations and subsequent job stability. They can guide the choice of particular models and methods for the empirical analysis of such effects.