151 lines
5.1 KiB
YAML
151 lines
5.1 KiB
YAML
abstract: 'Purpose The purpose of this paper is to provide quantitative estimates
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on the impact of active labour market policy (ALMP) on youth
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unemployment in Europe based on a macroeconomic panel data set of youth
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unemployment, ALMP and education policy variables and further
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country-specific characteristics on labour market institutions and the
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broader demographic and macroeconomic environment for all EU-Member
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States. Design/methodology/approach The authors follow the design of an
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aggregate impact analysis, which aims to explain the impact of policy on
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macroeconomic variables like youth employment and unemployment (see
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Bellmann and Jackman, 1996). This follows the assumption that
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programmes, which are effective in terms of improving individual
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employment opportunities, are going to make a difference on the
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equilibrium of youth unemployment. Findings The findings show that both
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wage subsidies and job creation are reducing aggregate youth
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unemployment, which is in contrast to some of the surveys of
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microeconomic studies indicating that job creation schemes are not
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effective. This finding points towards the importance to assist young
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people making valuable work experience, which is a benefit from job
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creation, even if this experience is made outside regular employment
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and/or the commercial sector. Research limitations/implications - In
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terms of the variables to model public policy intervention in the youth
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labour market, only few indicators exist, which are consistently
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available for all EU-Member States, despite much more interest and
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research aiming to provide an exhaustive picture of the youth labour
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market in Europe. The only consistently available measures are spending
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on ALMP as a percentage of gross domestic product (in the different
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programmes) and participation stocks and entries by type of
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intervention. Practical implications - The different effects found for
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the 15-19 year olds, who seem to benefit from wage subsidies, compared
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to the effect of job creations benefitting the 20-24 year olds, might
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relate to the different barriers for both groups to find employment. Job
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creation programmes seem to offer this group an alternative mechanism to
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gain valuable work experience outside the commercial sector, which could
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help form a narrative of positive labour market experience. In this way,
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job creation should be looked more positively at when further developing
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ALMP provision, especially for young people relatively more distant to
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engagement in regular employment. Social implications Improving the
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situation of many millions of young Europeans failing to find gainful
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employment, and more generally suffering from deprivation and social
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exclusion, has been identified as a clear priority for policy both at
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the national level of EU-Member States and for EU-wide initiatives. With
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this study, the authors attempt to contribute to the debate about the
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effectiveness of policies which combat youth unemployment by estimating
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the quantitative relationship of ALMP and other institutional features
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and youth unemployment. Originality/value To research the relationship
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between youth unemployment and ALMP, the authors created a macroeconomic
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database with repeated observations for all EU-Member States for a time
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series (1998-2012). The authors include variables on country
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demographics and the state of the economy as well as variables
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describing the labour market regimes from Eurostat, i.e.
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the flexibility of the labour market (part-time work and fixed-term
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employment as a percentage of total employment) and the wage setting
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system (level and coordination of bargaining and government intervention
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in wage bargaining).'
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affiliation: 'Speckesser, SS (Corresponding Author), Natl Inst Econ \& Social Res,
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London, England.
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Speckesser, Stefan Sonke, Natl Inst Econ \& Social Res, London, England.
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Carreras, Francisco Jose Gonzalez, Her Majestys Govt United Kingdom Great Britain
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\&, London, England.
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Kirchner Sala, Laura, Ivalua Barcelona, Barcelona, Spain.'
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author: Speckesser, Stefan Sonke and Carreras, Francisco Jose Gonzalez and Kirchner
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Sala, Laura
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author-email: s.speckesser@niesr.ac.uk
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author_list:
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- family: Speckesser
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given: Stefan Sonke
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- family: Carreras
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given: Francisco Jose Gonzalez
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- family: Kirchner Sala
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given: Laura
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da: '2023-09-28'
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doi: 10.1108/IJM-03-2018-0100
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eissn: 1758-6577
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files: []
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issn: 0143-7720
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journal: INTERNATIONAL JOURNAL OF MANPOWER
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keywords: Public policy; Labour market; Europe; Youth
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language: English
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month: NOV 4
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number: 8, SI
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number-of-cited-references: '49'
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orcid-numbers: Speckesser, Stefan/0000-0002-2442-7194
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pages: 1510-1534
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papis_id: f6af36c74343c15e3e58a133072d44cc
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ref: Speckesser2019activelabour
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times-cited: '9'
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title: Active labour market policies for young people and youth unemployment An analysis
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based on aggregate data
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type: article
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unique-id: WOS:000490250500008
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usage-count-last-180-days: '2'
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usage-count-since-2013: '31'
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volume: '40'
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web-of-science-categories: Industrial Relations \& Labor; Management
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year: '2019'
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