Better together: Active and passive labor market policies in developed and developing economies
We investigate the macroeconomic impact of public expenditure in active labor market policies (ALMPs) and passive labor market policies (PLMPs) on main employment indicators (i.e., unemployment, employment, and labor force participation) for a large and novel panel database of 121 countries (36 deve...
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2021
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oai:doaj.org-article:9965242a5fda4c6b81a03fb0f04329022021-12-05T14:11:08ZBetter together: Active and passive labor market policies in developed and developing economies2520-178610.2478/izajodm-2021-0009https://doaj.org/article/9965242a5fda4c6b81a03fb0f04329022021-07-01T00:00:00Zhttps://doi.org/10.2478/izajodm-2021-0009https://doaj.org/toc/2520-1786We investigate the macroeconomic impact of public expenditure in active labor market policies (ALMPs) and passive labor market policies (PLMPs) on main employment indicators (i.e., unemployment, employment, and labor force participation) for a large and novel panel database of 121 countries (36 developed, 64 emerging and 21 developing economies). Compared to previous studies, we include for the first time evidence from developing and emerging economies and explicitly examine the possible presence of complementarities between active and passive policies. We find that the interaction between interventions is crucial, as the effect of spending in either of the two policies is more favorable the more is spent on the other. Even the detrimental labor market effects of passive policies disappear on the condition that sufficient amounts are spent on active interventions. This complementarity seems even more important for emerging and developing economies.Pignatti ClementeVan Belle EvaSciendoarticledeveloping countriesevaluationlabor economicspublic policywelfare statej08 labor economics policiese24 employmentunemploymentwagesintergenerational income distributionaggregate human capitalaggregate labor productivityo1 economic developmentColonies and colonization. Emigration and immigration. International migrationJV1-9480City population. Including children in cities, immigrationHT201-221ENIZA Journal of Development and Migration, Vol 12, Iss 1, Pp 742-755 (2021) |
| institution |
DOAJ |
| collection |
DOAJ |
| language |
EN |
| topic |
developing countries evaluation labor economics public policy welfare state j08 labor economics policies e24 employment unemployment wages intergenerational income distribution aggregate human capital aggregate labor productivity o1 economic development Colonies and colonization. Emigration and immigration. International migration JV1-9480 City population. Including children in cities, immigration HT201-221 |
| spellingShingle |
developing countries evaluation labor economics public policy welfare state j08 labor economics policies e24 employment unemployment wages intergenerational income distribution aggregate human capital aggregate labor productivity o1 economic development Colonies and colonization. Emigration and immigration. International migration JV1-9480 City population. Including children in cities, immigration HT201-221 Pignatti Clemente Van Belle Eva Better together: Active and passive labor market policies in developed and developing economies |
| description |
We investigate the macroeconomic impact of public expenditure in active labor market policies (ALMPs) and passive labor market policies (PLMPs) on main employment indicators (i.e., unemployment, employment, and labor force participation) for a large and novel panel database of 121 countries (36 developed, 64 emerging and 21 developing economies). Compared to previous studies, we include for the first time evidence from developing and emerging economies and explicitly examine the possible presence of complementarities between active and passive policies. We find that the interaction between interventions is crucial, as the effect of spending in either of the two policies is more favorable the more is spent on the other. Even the detrimental labor market effects of passive policies disappear on the condition that sufficient amounts are spent on active interventions. This complementarity seems even more important for emerging and developing economies. |
| format |
article |
| author |
Pignatti Clemente Van Belle Eva |
| author_facet |
Pignatti Clemente Van Belle Eva |
| author_sort |
Pignatti Clemente |
| title |
Better together: Active and passive labor market policies in developed and developing economies |
| title_short |
Better together: Active and passive labor market policies in developed and developing economies |
| title_full |
Better together: Active and passive labor market policies in developed and developing economies |
| title_fullStr |
Better together: Active and passive labor market policies in developed and developing economies |
| title_full_unstemmed |
Better together: Active and passive labor market policies in developed and developing economies |
| title_sort |
better together: active and passive labor market policies in developed and developing economies |
| publisher |
Sciendo |
| publishDate |
2021 |
| url |
https://doaj.org/article/9965242a5fda4c6b81a03fb0f0432902 |
| work_keys_str_mv |
AT pignatticlemente bettertogetheractiveandpassivelabormarketpoliciesindevelopedanddevelopingeconomies AT vanbelleeva bettertogetheractiveandpassivelabormarketpoliciesindevelopedanddevelopingeconomies |
| _version_ |
1718371374767013888 |