This study analyses the effect of public sector sponsored continuous vocational training and retraining in East Germany after unification with West Germany in 1990. It presents estimates of the average gains from training participation in terms of earnings, employment probabilities and career...

The paper shows that several estimators for the panel probit model suggested in the literature belong to a common class of GMM estimators. They are relatively easy to compute because they are based on conditional moment restrictions involving univariate moments of the binary dependent variable...