This result confirms my view that technical and vocational training (and wage subsidies) primarily have a REDISTRIBUTIVE effect. They don't create jobs. This raises questions about (a) who, if anyone, should get funding to attend these programs, and which programs (e.g. only the trades that men tend to do since these pay off?), and (b) cost-effectiveness of funding these programs relative to transferable, or soft skills. Markus, your own work recently published argues for soft skills.