The assessment of active labor market policies: evidence from OECD countries

摘要: This paper tries to detect the effectiveness of active labor market policy (ALMP) on unemployment rate. The generalized method moments system for dynamic panel introduced by Blundell and Bond (J Econ 87(1):115–143, 1998) is applied our sample over a fifteen-year period from 2000 2014, where we aim at examining how intervention, cyclical, institutional macroeconomic factors interact determine unemployment. effect total ALMP (service public employment, training, employment incentives, supported rehabilitation, direct job creation, start-up incentives) significantly negative Our results show that incentives seem be most effective reduce rate because its low cost. Other control variables, such as tax wedge, protection legislation, inflation, investment, GDP are also important in determining