There should be the feedback system in which there is policy establishment -> policy evaluation -> policy establishment. The policy execution and evaluation must be carried out together. If so, it will be possible to gather the data of before and after policy execution and the data for evaluation will be perfectly prepared.
Ultimately an evaluation econometric model is something complement of
data in measurement of vocational training effects. However, even the best econometric model cannot complement imperfect data completely.
Therefore, gathering the reliable data is absolutely the most important procedure, and we need to focus on gathering panel data including informations on the individual history of labor market experience. We are already late 30 or more years in establishment of social experiments compared to developed countries. The establishment of social experiments are one of the solutions.
참고문헌
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