Active Labour Market Programmes and Unemployment in a Dual Labour Market

概要

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The paper presents a theoretical analysis of the macroeconomic effects of active labour market programmes in a dual labour-market framework. The paper uses the Shapiro-Stiglitz effciency -wage model. Active labour market programmes train unskilled labour and transfer them from a high-unemployment to a low-unemployment sector. Programmes have a direct labour-transfer effect which tends to reduce total uneployment. They also have effects on wages via expectations. The latter effcts were to a very large extent neglected in earlier discussions of active labour labour-market policy. The model formally identifies and defines the effects on wages via expectations. The net signature of the latter effects depends on how programmes are targeted. In general, the net effect on unemployment is ambiguous. The model explains the conditions under which active labour market programmes reduce aggregate unemployment.
名古屋商科大学の論文
2004-07-01