Macroeconometric Evaluation of Active Labour Market Policies in Austria
42 Pages Posted: 4 Oct 2010
Abstract
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
Suggested Citation: Suggested Citation
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