Active labor market policy by a profit maximizing firm
AbstractThis paper investigates the effectiveness of an employment program exclusively run by and in a private sector firm, in order to find out whether a private program without cream-skimming can be beneficial to (a) the individual private firm and (b) society at large by outperforming public employment programs. To answer these questions, we use a unique dataset on a private employment program covering 27 years of operations and a thousand participating unemployed. Using conservative estimates, we show that a private employment program is more effective at re-integrating the unemployed than public efforts, whilst providing tangible benefits to the involved firm.
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Bibliographic InfoPaper provided by Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization in its series Research Memoranda with number 041.
Date of creation: 2010
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Web page: http://www.maastrichtuniversity.nl/web/UMPublications.htm
labour economics ;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-10-02 (All new papers)
- NEP-BEC-2010-10-02 (Business Economics)
- NEP-LAB-2010-10-02 (Labour Economics)
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- Gerards, Ruud, 2012. "Unemployment and employability: how firms can help," Open Access publications from Maastricht University urn:nbn:nl:ui:27-29158, Maastricht University.
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