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The effectiveness of targeted wage subsidies for hard-to-place workers
Die Effizienz zielorientierter Lohnsubventionen für schwer vermittelbare Arbeitslose
[journal article]
Abstract Targeted wage subsidies paid to employers are an important element of active labour market policies in Germany. This paper uses propensity score matching to investigate their effect on the employment and unemployment rates of subsidised hard-to-place workers. In a first scenario, we estimate the ave... view more
Targeted wage subsidies paid to employers are an important element of active labour market policies in Germany. This paper uses propensity score matching to investigate their effect on the employment and unemployment rates of subsidised hard-to-place workers. In a first scenario, we estimate the average treatment effect of a subsidy on previously unemployed individuals. A second scenario analyses the effects of a subsidy on employment probabilities conditional on taking-up employment. The third scenario investigates the additional effect of a subsidy on individuals, who have participated in a short-term training measure beforehand. Summing up and in line with the literature, the results show that subsidies have a favourable effect on the employment prospects of participants.... view less
Keywords
subsidy; Federal Republic of Germany; unemployment compensation; program; employment policy; labor market policy; unemployment
Classification
Labor Market Policy
Method
empirical; quantitative empirical
Free Keywords
Targeted wage subsidies; evaluation of labour market programmes; propensity score matching
Document language
English
Publication Year
2009
Page/Pages
p. 1209-1225
Journal
Applied Economics (2009)
DOI
https://doi.org/10.1080/00036840802600426
Status
Postprint; peer reviewed
Licence
PEER Licence Agreement (applicable only to documents from PEER project)