Active labor market policy by a profit maximizing firm
Gerards, Ruud, Muysken, Joan, and Welters, Riccardo Active labor market policy by a profit maximizing firm. Proceedings of the 11th Path to Full Employment and the 16th National Unemployment Conference. 11th Path to Full Employment and the 16th National Unemployment Conference , 3-4 December 2009, Newcastle, NSW, Australia .
|PDF - Repository staff only - Requires a PDF viewer such as GSview, Xpdf or Adobe Acrobat Reader|
A wide body of literature reports that public efforts to lead the unemployed back to work are not very successful. This paper studies the Philips Employment Scheme (PES), a private program to help unemployed back to work. For the period 1999-2005 we compare the PES to the public re-integration efforts and we find that the PES has a relatively low deadweight loss and a high net treatment effect. It substantially outperforms public efforts to re-integrate unemployed. Furthermore we find that even with a heterogeneous mix of participants, the chance of finding a job after the PES does not change much for different participants. In addition we have explored the notion that Philips might make use of the PES as an additional recruitment channel for regular vacancies within the company, and find evidence that seems to support this. Finally we point out some interesting avenues for further research.
|Item Type:||Conference Item (Refereed Research Paper - E1)|
|FoR Codes:||14 ECONOMICS > 1402 Applied Economics > 140211 Labour Economics @ 100%|
|SEO Codes:||91 ECONOMIC FRAMEWORK > 9101 Macroeconomics > 910107 Macro Labour Market Issues @ 100%|
|Deposited On:||03 Mar 2010 15:17|
|Last Modified:||12 Feb 2011 03:20|
Last 12 Months: 0
Repository Staff Only: item control page