Download This PaperWHAT ROLE FOR LABOUR MARKET PROGRAMS?
Webster, E. M. (2000) ‘What role for labour market programs?’ in The Unemployment Crisis in Australia. Which way out? Ed. S. Bell, Cambridge University Press: Cambridge, 234-251.
16 Pages Posted: 18 Nov 2021
Date Written: October 29, 2021
Abstract
This chapter is primarily concerned with active labour market programs. It discusses the transformation of labour market programs over time, outlines their theoretical rationale and summarises recent evidence regarding the ability of programs to achieve their aims. Finally, the role these program should play in contemporary unemployment policy is discussed. It is argued that contemporary labour market programs are essentially supply-side policies, which have, on balance, little effect on aggregate demand.
Keywords: Labour market programs; job creation schemes, wage subsidies
JEL Classification: J08
Suggested Citation: Suggested Citation
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