Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/283519 
Year of Publication: 
2024
Series/Report no.: 
WIFO Working Papers No. 671
Publisher: 
Austrian Institute of Economic Research (WIFO), Vienna
Abstract: 
There is still a lack of knowledge on how to effectively help the long-term unemployed into employment. We evaluate a wide range of active labour market policies for this target group, using a dynamic matching approach. Measures vary considerably in the extent to which they improve labour market prospects. Human capital-intensive training programmes that substantially enhance vocational skills and employment programmes are most effective, short activating job search training the least. Our results suggest that not only wage subsidies in the private sector, but also direct job creation in the public and non-profit sector can work, if properly designed.
Subjects: 
Long-term unemployment
Active Labour Market Policy
Public Employment Service
Training
Wage subsidies
Direct job creation
JEL: 
J24
J64
J68
Document Type: 
Working Paper

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