Reviewing Development of Active Labour Market Policies and the Evaluation Techniques

THE ROLE OF LABOUR MARKETS AND HUMAN CAPITAL IN THE UNSTABLE ENVIRONMENT, Karta Graphic Publishing House, 2011

24 Pages Posted: 10 Nov 2012

See all articles by Jovan Zubovic

Jovan Zubovic

Economics Institute

Subic Jonel

Institute of Agricultural Economics (IEA) Belgrade

Date Written: 2011

Abstract

Active labour market policies are commonly used tool to fight unemployment. In the early 1960's all Scandinavian countries have introduced several different measures to have an effect on their labour markets. In the late 1970's in most developed countries of OECD government expenditures on those policies reached the level of 1-1.5% of GDP. High levels of expenditures created a need to assess the impact of such measures and perform their cost-benefit analysis. Evaluations have in the previous 30 years been undertaken by using different methods: from experimental and quasi-experimental, to micro and macro analyses. Most precise evaluations are based on complex econometric methods. Moreover, during last decade there have been several meta-analyses to make cross-analysis of evaluations made worldwide in a long time-span. General conclusions of most papers are that ALMP do not have very high influence on the employability. The best results are experienced in services provided by local national employment services, as well in training programs, especially in on-job training. In the last few years there have appeared some indications that subsidized employment has high positive effects, however there is no general consensus on that matter. Despite large number of published papers on evaluations, there has been no research aimed on analysing overall ALMP effects on the economy, and creation of a model which could ex-ante estimate future effects of ALMP.

Keywords: Active policies, evaluation, econometric models, economy

JEL Classification: J08, E24, J21, H55

Suggested Citation

Zubovic, Jovan and Jonel, Subic, Reviewing Development of Active Labour Market Policies and the Evaluation Techniques (2011). THE ROLE OF LABOUR MARKETS AND HUMAN CAPITAL IN THE UNSTABLE ENVIRONMENT, Karta Graphic Publishing House, 2011, Available at SSRN: https://ssrn.com/abstract=2173496

Jovan Zubovic (Contact Author)

Economics Institute ( email )

16, Kralja Milana str.
Belgrade, 11000
Republic of Serbia

Subic Jonel

Institute of Agricultural Economics (IEA) Belgrade ( email )

Volgina Str. 15, p.o.b. 93
Belgrade, 11060
Republic of Serbia

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