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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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    File URL: https://www.ec.unipi.it/documents/Ricerca/papers/2018-236.pdf
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    References listed on IDEAS

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    1. Gouriéroux, Christian & Monfort, Alain & Renne, Jean-Paul, 2017. "Statistical inference for independent component analysis: Application to structural VAR models," Journal of Econometrics, Elsevier, vol. 196(1), pages 111-126.
    2. Marchetti Stefano & Giusti Caterina & Pratesi Monica & Salvati Nicola & Giannotti Fosca & Pedreschi Dino & Rinzivillo Salvatore & Pappalardo Luca & Gabrielli Lorenzo, 2015. "Small Area Model-Based Estimators Using Big Data Sources," Journal of Official Statistics, Sciendo, vol. 31(2), pages 263-281, June.
    3. Thomas Brenner & Marco Capasso & Matthias Duschl & Koen Frenken & Tania Treibich, 2018. "Causal relations between knowledge-intensive business services and regional employment growth," Regional Studies, Taylor & Francis Journals, vol. 52(2), pages 172-183, February.
    4. Simona Iammarino & Andrés Rodriguez-Pose & Michael Storper, 2019. "Regional inequality in Europe: evidence, theory and policy implications," Journal of Economic Geography, Oxford University Press, vol. 19(2), pages 273-298.
    5. Lanne, Markku & Meitz, Mika & Saikkonen, Pentti, 2017. "Identification and estimation of non-Gaussian structural vector autoregressions," Journal of Econometrics, Elsevier, vol. 196(2), pages 288-304.
    6. Guerini, Mattia & Moneta, Alessio, 2017. "A method for agent-based models validation," Journal of Economic Dynamics and Control, Elsevier, vol. 82(C), pages 125-141.
    7. Karin Heitzmann & Florian Wukovitsch, 2015. "Towards social investment and social innovation in EU member states? First observations of recent developments in Austria," ImPRovE Working Papers 15/19, Herman Deleeck Centre for Social Policy, University of Antwerp.
    8. repec:cup:cbooks:9781316647332 is not listed on IDEAS
    9. repec:cup:cbooks:9781107196575 is not listed on IDEAS
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    More about this item

    Keywords

    small area techniques; investment policies; compensatory policies; SVAR analysis; ICA;

    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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