Abstract
We present a theoretical analysis of different types of active labor market policies in the context of a search-matching model. We find that labor market training is effective in bringing down unemployment while public employment services and subsidized jobs are not effective at all. This theoretical finding is confirmed in an explorative empirical analysis using data from 20 OECD countries.
Original language | English |
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Pages (from-to) | 293-313 |
Journal | Economist-Netherlands |
Volume | 157 |
Issue number | 3 |
Publication status | Published - 2009 |