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Active and passive labour-market policies: the outlook from the Beveridge curve

Author

Listed:
  • Sergio Destefanis
  • Matteo Fragetta
  • Nazzareno Ruggiero

Abstract

Following a panel ARDL approach, we appraise the impact of various indicators of active and passive labour-market policies within the framework of the Beveridge curve across fourteen OECD countries from 1985 to 2013, controlling for other factors, both institutional (tax wedge) and structural (technological progress, globalization). We embed the role of these variables within the specification of the Beveridge curve, finding that the generosity of unemployment benefits has a detrimental impact on labour-market matching, with the duration of benefits and the strictness of the rules pertaining to the deployment of benefits taking a key role in driving this result. Among active labour-market policies, employment incentives and especially training have a favourable effect on matching. There is evidence of a virtuous interaction between active and passive policies. A significantly detrimental role emerges for the tax wedge. These results are consistent across various specifications, and structural relationships are stable throughout the 2008–2013 period.

Suggested Citation

  • Sergio Destefanis & Matteo Fragetta & Nazzareno Ruggiero, 2023. "Active and passive labour-market policies: the outlook from the Beveridge curve," Applied Economics, Taylor & Francis Journals, vol. 55(55), pages 6538-6550, November.
    • Handle: RePEc:taf:applec:v:55:y:2023:i:55:p:6538-6550
    DOI: 10.1080/00036846.2022.2159010
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    Cited by:

    1. Valentina Ioana Cheregi, 2025. "Is labor matching effectiveness dependent on education level, age or gender?," Baltic Journal of Economics, Baltic International Centre for Economic Policy Studies, vol. 25(1), pages 1-20.
    2. Monica Gupta & Priya Jindal & Mandeep Kaur, 2024. "Skill Shortages and Labour Market Rigidity: An International Outlook," Contemporary Studies in Economic and Financial Analysis, in: Contemporary Challenges in Social Science Management: Skills Gaps and Shortages in the Labour Market, volume 112, pages 87-99, Emerald Group Publishing Limited.
    3. Luis Alberiko A. Gil-Alana & María Jesús González-Blanch & Carlos Poza, 2025. "Labour market mismatches in G7 countries: a fractional integration approach," Applied Economics, Taylor & Francis Journals, vol. 57(7), pages 736-752, February.
    4. Rizki Tri Anggara, 2024. "Kartu Prakerja Program and Youth Employment: Gender-Specific Outcomes in Indonesia," Economics and Finance in Indonesia, Faculty of Economics and Business, University of Indonesia, vol. 70, pages 49-62, June.

    More about this item

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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