Deregulating Job Placement in Europe: A Microeconometric Evaluation of an Innovative Voucher Scheme in Germany

Henrik Winterhager, Anja Heinze and Alexander Spermann

No 06-011, ZEW Discussion Papers from ZEW - Leibniz Centre for European Economic Research

Abstract: Job placement vouchers can be regarded as a tool to spur competition between public and private job placement activities. The German government launched this instrument in order to end the public placement monopoly and to subsidize its private competitors. We exploit very rich administrative data provided for the first time by the Federal Employment Agency and apply propensity score matching as a method to solve the fundamental evaluation problem and to estimate the effect of the vouchers. We find positive treatment effects on the employment probability after one year of 6.5 percentage points in Western Germany and give a measure for deadweight loss.

Keywords: Job Placement; Active Labor Market Policy; Matching (search for similar items in EconPapers)
JEL-codes: H25 J68 (search for similar items in EconPapers)
Date: 2006
New Economics Papers: this item is included in nep-pbe and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (42)

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Related works:
Journal Article: Deregulating job placement in Europe: A microeconometric evaluation of an innovative voucher scheme in Germany (2006)
Working Paper: Deregulating Job Placement in Europe: A Microeconometric Evaluation of an Innovative Voucher Scheme in Germany (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:zewdip:4590

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