What works for Active Labor Market Policies?

The past 5 years have witnessed a flurry of RCT evaluations that shed new light on the impact and cost effectiveness of Active Labor Market Policies (ALMPs) aiming to improve workers´ access to new jobs and better wages. We report the first systematic review of 102 RCT interventions comprising a...

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Autores principales: Levy Yeyati, Eduardo, Montané, Martín, Sartorio, Lucas
Formato: Documento de trabajo publishedVersion
Lenguaje:Inglés
Publicado: Universidad Torcuato Di Tella 2024
Materias:
Política Laboral
Labour policy
Mercado de Trabajo
Labor market
Salarios
Wage Policy
Employment
Unemployment
Vocational Training
Wage Subsidies
Randomized controlled trials
Active Labor Market Policies (ALMPs)
Human capital
Acceso en línea:https://repositorio.utdt.edu/handle/20.500.13098/13062
Aporte de:
Repositorio Digital Universidad Torcuato Di Tella de Universidad Torcuato Di Tella
id I57-R163-20.500.13098-13062
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spelling I57-R163-20.500.13098-130622024-09-30T22:23:03Z What works for Active Labor Market Policies? Levy Yeyati, Eduardo Montané, Martín Sartorio, Lucas Política Laboral Labour policy Mercado de Trabajo Labor market Salarios Wage Policy Employment Unemployment Vocational Training Wage Subsidies Randomized controlled trials Active Labor Market Policies (ALMPs) Human capital The past 5 years have witnessed a flurry of RCT evaluations that shed new light on the impact and cost effectiveness of Active Labor Market Policies (ALMPs) aiming to improve workers´ access to new jobs and better wages. We report the first systematic review of 102 RCT interventions comprising a total of 652 estimated impacts. We find that (i) a third of these estimates are positive and statistically significant (PPS) at conventional levels; (ii) programs are more likely to yield positive results when GDP growth is higher and unemployment lower; (iii) programs aimed at building human capital, such as vocational training, independent worker assistance and wage subsidies, show significant positive impact, and (iv) program length, monetary incentives, individualized follow up and activity targeting are all key features in determining the effectiveness of the interventions. 2024-09-27T18:41:54Z 2024-09-27T18:41:54Z 2019-07 info:eu-repo/semantics/workingPaper info:eu-repo/semantics/publishedVersion https://repositorio.utdt.edu/handle/20.500.13098/13062 eng Documento de Trabajo. Universidad Torcuato Di Tella. Escuela de Gobierno info:eu-repo/semantics/openAccess https://creativecommons.org/licenses/by-sa/2.5/ar/ 28 p. application/pdf application/pdf Universidad Torcuato Di Tella Escuela de Gobierno
institution Universidad Torcuato Di Tella
institution_str I-57
repository_str R-163
collection Repositorio Digital Universidad Torcuato Di Tella
language Inglés
orig_language_str_mv eng
topic Política Laboral
Labour policy
Mercado de Trabajo
Labor market
Salarios
Wage Policy
Employment
Unemployment
Vocational Training
Wage Subsidies
Randomized controlled trials
Active Labor Market Policies (ALMPs)
Human capital
spellingShingle Política Laboral
Labour policy
Mercado de Trabajo
Labor market
Salarios
Wage Policy
Employment
Unemployment
Vocational Training
Wage Subsidies
Randomized controlled trials
Active Labor Market Policies (ALMPs)
Human capital
Levy Yeyati, Eduardo
Montané, Martín
Sartorio, Lucas
What works for Active Labor Market Policies?
topic_facet Política Laboral
Labour policy
Mercado de Trabajo
Labor market
Salarios
Wage Policy
Employment
Unemployment
Vocational Training
Wage Subsidies
Randomized controlled trials
Active Labor Market Policies (ALMPs)
Human capital
description The past 5 years have witnessed a flurry of RCT evaluations that shed new light on the impact and cost effectiveness of Active Labor Market Policies (ALMPs) aiming to improve workers´ access to new jobs and better wages. We report the first systematic review of 102 RCT interventions comprising a total of 652 estimated impacts. We find that (i) a third of these estimates are positive and statistically significant (PPS) at conventional levels; (ii) programs are more likely to yield positive results when GDP growth is higher and unemployment lower; (iii) programs aimed at building human capital, such as vocational training, independent worker assistance and wage subsidies, show significant positive impact, and (iv) program length, monetary incentives, individualized follow up and activity targeting are all key features in determining the effectiveness of the interventions.
format Documento de trabajo
publishedVersion
author Levy Yeyati, Eduardo
Montané, Martín
Sartorio, Lucas
author_facet Levy Yeyati, Eduardo
Montané, Martín
Sartorio, Lucas
author_sort Levy Yeyati, Eduardo
title What works for Active Labor Market Policies?
title_short What works for Active Labor Market Policies?
title_full What works for Active Labor Market Policies?
title_fullStr What works for Active Labor Market Policies?
title_full_unstemmed What works for Active Labor Market Policies?
title_sort what works for active labor market policies?
publisher Universidad Torcuato Di Tella
publishDate 2024
url https://repositorio.utdt.edu/handle/20.500.13098/13062
work_keys_str_mv AT levyyeyatieduardo whatworksforactivelabormarketpolicies
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AT sartoriolucas whatworksforactivelabormarketpolicies
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