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Labor market policy evaluation with ACE
[journal article]
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 effec... view more
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.... view less
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
DOI
https://doi.org/10.1016/j.jebo.2006.12.006
Status
Postprint; peer reviewed
Licence
PEER Licence Agreement (applicable only to documents from PEER project)