European Parliament Library

Do Active Labor Market Policies Increase Employment?, Marcello Estevão

Abstract
Using panel data for 15 industrial countries, active labor market policies (ALMPs) are shown to have raised employment rates in the business sector in the 1990s, after controlling for many institutions, country-specific effects, and economic variables. Among such policies, direct subsidies to job creation were the most effective. ALMPs also affected employment rates by reducing real wages below levels allowed by technological growth, changes in the unemployment rate, and institutional and other economic factors. However, part of this wage moderation may be linked to a composition effect because policies were targeted to low-paid individuals. Whether ALMPs are cost-effective from a budgetary perspective remains to be determined, but they are certainly not substitutes for comprehensive institutional reforms
Table Of Contents
""Contents""; ""I. INTRODUCTION""; ""II. WHY MIGHT ALMPS INCREASE EMPLOYMENT?""; ""III. IDENTIFICATION ISSUES AND A CRITICAL LOOK AT PREVIOUS STUDIES""; ""IV. EMPIRICAL IDENTIFICATION OF THE EFFECT OF ALMPS ON EMPLOYMENT RATES""; ""V. ALMPS AND WAGE-SETTING BEHAVIOR""; ""VI. FINAL REMARKS""; ""THE OECD LABOR MARKET POLICIES DATABASE""; ""DATA DEFINITIONS AND SOURCES""
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (30 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781451920246

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