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The Youth Training programme (YT), formerly known as the Youth Training Scheme, has been in existence for over 11 years. During that time the objectives and content of the programme have changed, and so too has the institutional framework within which the school‐to‐work transition takes place. Provides a detailed account of the historical development of the YT programme, and highlights a number of structural characteristics of the programme that raise implications for the econometric assessment of the programme′s impact on employment probabilities and wages. Presents a review and assessment of the UK literature on the econometric evaluation of YT. Concludes by raising a number of implications for future research.

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