Do Active Labor Market Policies Increase Employment? PDF Download

Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Do Active Labor Market Policies Increase Employment? PDF full book. Access full book title Do Active Labor Market Policies Increase Employment? by Mr.Marcello M. Estevão. Download full books in PDF and EPUB format.

Do Active Labor Market Policies Increase Employment?

Do Active Labor Market Policies Increase Employment? PDF Author: Mr.Marcello M. Estevão
Publisher: International Monetary Fund
ISBN: 1451875649
Category : Business & Economics
Languages : en
Pages : 31

Get Book Here

Book Description
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.