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Labor market policy evaluation with an agent-based model

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  • Neugart, Michael

Abstract

I develop an agent-based computational economics (ACE) model with which I evaluate the aggregate impact of labor market policies. The findings are that governmentfinanced training measures increase the outflow rate from unemployment to employment. Although the overall effect is positive this effect is achieved by reducing the outflow rate for those who do not receive subsidies. Furthermore, the outflow rate would have been downward-biased had one supposed a matching function that is exogenous to policies. -- Im Folgenden wird ein agenten-basiertes Modell entwickelt, mit dem die aggregierten Wirkungen von Arbeitsmarktpolitiken evaluiert werde können. Ein Resultat ist, dass die Subvention von Trainingsmaßnahmen die Übergangsrate von Arbeitslosigkeit in Beschäftigung erhöht. Obwohl der Gesamteffekt positiv ist, reduziert sich die Übergangsrate für all jene Arbeitslose, deren Ausgaben nicht subventioniert werden. Der Verdrängungseffekt ist bei einer plausiblen Parametrisierung des Modells in seiner Höhe ökonomisch relevant. Ferner wäre die Messung der Übergangsrate aus Arbeitslosigkeit in Beschäftigung nach unten verzerrt gewesen, hätte man in der Wirkungsanalyse angenommen, dass die Matching-Funktion exogen zu den Arbeitsmarktpolitiken ist.

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Bibliographic Info

Paper provided by Social Science Research Center Berlin (WZB) in its series Discussion Papers, Research Unit: Labor Market Policy and Employment with number SP I 2006-113.

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Date of creation: 2006
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Handle: RePEc:zbw:wzblpe:spi2006113

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  1. Matteo Richiardi, 2003. "A Search Model of Unemployment and Firm Dynamics," LABORatorio R. Revelli Working Papers Series 30, LABORatorio R. Revelli, Centre for Employment Studies.
  2. Melanie Cao & Shouyong Shi, 2000. "Coordination, matching, and wages," Canadian Journal of Economics, Canadian Economics Association, Canadian Economics Association, vol. 33(4), pages 1009-1033, November.
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  16. G. Fagiolo & G. Dosi & R. Gabriele, 2004. "Matching, Bargaining, And Wage Setting In An Evolutionary Model Of Labor Market And Output Dynamics," Advances in Complex Systems (ACS), World Scientific Publishing Co. Pte. Ltd., World Scientific Publishing Co. Pte. Ltd., vol. 7(02), pages 157-186.
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Cited by:
  1. Moreno Baruffini, 2013. "An agent-based simulation of the Swiss labour market : an alternative for the labour market policy evaluation," ERSA conference papers ersa13p216, European Regional Science Association.

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