Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/336041 
Year of Publication: 
2025
Series/Report no.: 
CESifo Working Paper No. 12340
Publisher: 
Munich Society for the Promotion of Economic Research - CESifo GmbH, Munich
Abstract: 
Long-term unemployment among older workers is particularly difficult to overcome. We study the impacts of a large-scale job guarantee program that offered up to two years of fully subsidized employment to long-term unemployed individuals aged 50 and above. Using a sharp age-based discontinuity in eligibility, we find that participation increased regular, unsubsidized employment by 43 percentage points two years after the program ended. The gains are driven by transitions into new firms and industries, rather than continued subsidized employment, and we find no evidence of displacement effects for non-participants or spillovers to family members. The program had no measurable short-run health effects.
Subjects: 
long-term unemployment
temporary job guarantee
subsidized employment
health status
JEL: 
J64
J08
J78
I14
H51
Document Type: 
Working Paper
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