Effective Active Labor Market Policies
We present a theoretical and empirical analysis of different types of active labor market policies (ALMP). In our empirical analysis we use data on 20 OECD countries covering the time period 1985-1999. We find that labor market training is the most effective program to bring down unemployment. Public employment services have some impact while subsidized jobs are not effective at all. Our theory considers ALMP in the context of a search-matching model.
|Date of creation:||Oct 2004|
|Date of revision:|
|Publication status:||published as 'Bringing Unemployed Back to Work: Effective Active Labor Market Policies' in: De Economist, 2007, 157 (3), 293-313|
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