Do Active Labor Market Policies Increase Employment?:
Using panel data for 15 industrial countries, active labor market policies (ALMPs) are shown to have raised employment rates in the business sector in the 1990s, after controlling for many institutions, country-specific effects, and economic variables. Among such policies, direct subsidies to job cr...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2003
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 03/234 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 URL des Erstveröffentlichers |
| Zusammenfassung: | Using panel data for 15 industrial countries, active labor market policies (ALMPs) are shown to have raised employment rates in the business sector in the 1990s, after controlling for many institutions, country-specific effects, and economic variables. Among such policies, direct subsidies to job creation were the most effective. ALMPs also affected employment rates by reducing real wages below levels allowed by technological growth, changes in the unemployment rate, and institutional and other economic factors. However, part of this wage moderation may be linked to a composition effect because policies were targeted to low-paid individuals. Whether ALMPs are cost-effective from a budgetary perspective remains to be determined, but they are certainly not substitutes for comprehensive institutional reforms |
| Beschreibung: | 1 Online-Ressource (30 p) |
| ISBN: | 1451875649 9781451875645 |
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| spelling | Estevão, Marcello M. Verfasser aut Do Active Labor Market Policies Increase Employment? Estevão, Marcello M Washington, D.C International Monetary Fund 2003 1 Online-Ressource (30 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 03/234 Using panel data for 15 industrial countries, active labor market policies (ALMPs) are shown to have raised employment rates in the business sector in the 1990s, after controlling for many institutions, country-specific effects, and economic variables. Among such policies, direct subsidies to job creation were the most effective. ALMPs also affected employment rates by reducing real wages below levels allowed by technological growth, changes in the unemployment rate, and institutional and other economic factors. However, part of this wage moderation may be linked to a composition effect because policies were targeted to low-paid individuals. Whether ALMPs are cost-effective from a budgetary perspective remains to be determined, but they are certainly not substitutes for comprehensive institutional reforms Online-Ausg http://elibrary.imf.org/view/IMF001/01792-9781451875645/01792-9781451875645/01792-9781451875645.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Estevão, Marcello M. Do Active Labor Market Policies Increase Employment? |
| title | Do Active Labor Market Policies Increase Employment? |
| title_auth | Do Active Labor Market Policies Increase Employment? |
| title_exact_search | Do Active Labor Market Policies Increase Employment? |
| title_exact_search_txtP | Do Active Labor Market Policies Increase Employment? |
| title_full | Do Active Labor Market Policies Increase Employment? Estevão, Marcello M |
| title_fullStr | Do Active Labor Market Policies Increase Employment? Estevão, Marcello M |
| title_full_unstemmed | Do Active Labor Market Policies Increase Employment? Estevão, Marcello M |
| title_short | Do Active Labor Market Policies Increase Employment? |
| title_sort | do active labor market policies increase employment |
| url | http://elibrary.imf.org/view/IMF001/01792-9781451875645/01792-9781451875645/01792-9781451875645.xml |
| work_keys_str_mv | AT estevaomarcellom doactivelabormarketpoliciesincreaseemployment |