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Labour market policy: Parts of the picture are missing

Arni, Patrick, Lalive, Rafael, van den Berg, Gerard, (2016), “Labour market policy: Parts of the picture are missing”, Voxeu, 11 Ιανουαρίου

The standard empirical evaluations of labour market policy only consider the direct effects of single programmes on their participants. This column argues that this fails to capture important aspects of real-world labour market policy – policy regimes and strategies. Using Swiss data, it employs a novel empirical approach that concurrently examines the effects of supportive and punitive policies (‘carrots’ and ‘sticks’). Policy regimes are shown to exert economically relevant effects, and accounting for these effects is crucial when designing labour market policy.

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