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Social Investment and youth labour market participation: a EU regional analysis

Author

Listed:
  • Giulio Ecchia
  • Francesca Gagliardi
  • Caterina Giannetti

Abstract

In this paper, we first rely on small area techniques to derive from EU-SILC survey new indicators of compensatory and investment policies at regional level. While compensatory policies have mainly the goal of protecting individuals from "old" risks (e.g. old-age), investment-related social policies tend to focus more on "new social risks" (i.e. skill deficits). We rely on these new indicators to perform a data-driven SVAR analysis to investigate the casual relationships between youth labour market outcomes and these two types of spending. Our results support the view that investment policies are more effective for tackling new social challenges.

Suggested Citation

  • Giulio Ecchia & Francesca Gagliardi & Caterina Giannetti, 2018. "Social Investment and youth labour market participation: a EU regional analysis," Discussion Papers 2018/236, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
    • Handle: RePEc:pie:dsedps:2018/236
    Note: ISSN 2039-1854
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    References listed on IDEAS

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    More about this item

    Keywords

    small area techniques; investment policies; compensatory policies; SVAR analysis; ICA;
    All these keywords.

    JEL classification:

    • C18 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Methodolical Issues: General
    • C54 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Quantitative Policy Modeling
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy

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