Macroeconometric Evaluation of Active Labour Market Policies in Austria
42 Pages Posted: 4 Oct 2010
This paper contributes to the literature on macroeconometric evaluation of active labour market policies (ALMP) by considering the regional effects on both the matching process and the job-seeker rate. We use an unique new data set on all Austrian job-seekers between 2001 to 2007 and apply GMM and Quasi-ML estimators to take into account both the simultaneity of ALMP and spatial interrelations between employment office districts. The results indicate that job schemes in the non-profit sector, wage subsidies, and apprenticeships cause particularly favourable effects on the regional matching function and the job-seeker rate.
Keywords: evaluation, active labour market policy, dynamic panel data model, spatial econometrics
JEL Classification: C33, H43, J64
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