This monograph critiques the many nonexperimental impact estimation approaches that have been based on external comparison groups. It proposes an approach to evaluating employment and training (E&T) programs that calls for using the group of individuals who apply to a program but then choose not to participate in that program as an…

Manpower Development and Training Act (MDTA) programs completed in 1965 were evaluated by benefit-cost ratio and internal rate of return. Initial annual earnings differential figures at $525,650 and $719,629 were projected into the future at various rates of promotion and various rates of discount on the benefit stream. Resulting lifetime benefits…