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Labor market policy evaluation with ACE

[journal article]

Neugart, Michael

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Abstract I develop an agent-based computational economics (ACE) model with which I evaluate the aggregate impact of labor market policies. The findings are that government-financed training measures increase the outflow rate from unemployment to employment. Although the overall effect is positive, this effect is achieved by reducing the outflow rate for those who do not receive subsidies. Furthermore, the outflow rate would have been downward-biased had one supposed a matching function that is exogenous to policies.
Classification Labor Market Research; Labor Market Policy
Free Keywords Labor market policy evaluation; Agent-based computational model; Endogenous matching function; Job displacement; C63; J61; J68
Document language English
Publication Year 2008
Page/Pages p. 418-430
Journal Journal of Economic Behavior & Organization, 67 (2008) 2
Status Postprint; peer reviewed
Licence PEER Licence Agreement (applicable only to documents from PEER project)