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Book Cover
E-book
Author Estevão, Marcello, author

Title Do active labor market policies increase employment? / Marcello Estevão
Published Washington, District of Columbia : International Monetary Fund, 2003

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Description 1 online resource (30 pages) : illustrations, tables, graphs
Series IMF working paper ; WP/03/234
IMF working paper ; WP/03/234.
Contents Contents -- I. INTRODUCTION -- II. WHY MIGHT ALMPS INCREASE EMPLOYMENT? -- III. IDENTIFICATION ISSUES AND A CRITICAL LOOK AT PREVIOUS STUDIES -- IV. EMPIRICAL IDENTIFICATION OF THE EFFECT OF ALMPS ON EMPLOYMENT RATES -- V. ALMPS AND WAGE-SETTING BEHAVIOR -- VI. FINAL REMARKS -- THE OECD LABOR MARKET POLICIES DATABASE -- DATA DEFINITIONS AND SOURCES
Summary Annotation 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
Bibliography Includes bibliographical references
Notes Online resource; title from PDF title page (ebrary, viewed September 17, 2015)
Subject Labor market.
Employment (Economic theory)
Job creation.
Wages.
Labor demand.
Labor supply.
Public service employment.
employing.
Public service employment
Labor supply
Labor demand
Employment (Economic theory)
Job creation
Labor market
Wages
Form Electronic book
ISBN 9781451875645
1451875649
9781451920246
1451920245
1283517248
9781283517249