This article presents the results of research performed to evaluate two youth preemploy
ment services initiatives—70001 Ltd. and Jobs for Youth. Participant outcomes were
observed at two points in time, three and eight months after program termination, and
were compared to similar outcomes of a matched comparison sample. Our results indicate
that both programs are very effective: The programs significantly improve both the
employment probabilities and the earnings of participating youths, the gains in earnings
generally hold up between the three- and eight-month postprogram observations, and both
programs are highly cost-effective, evidencing pay-back periods averaging one year.
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