Policies to Facilitate the Return to Work

Alain De Serres, Fabrice MURTIN () and Christine De La Maisonneuve
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Alain De Serres: OECD, 2 rue André Pascal, Paris 75016, France. E-mails: Alain.Deserres@oecd.org; Fabrice.Murtin@oecd.org; Christine.Maisonneuve@oecd.org
Christine De La Maisonneuve: OECD, 2 rue André Pascal, Paris 75016, France. E-mails: Alain.Deserres@oecd.org; Fabrice.Murtin@oecd.org; Christine.Maisonneuve@oecd.org

Comparative Economic Studies, 2012, vol. 54, issue 1, pages 5-42

Abstract: This paper reviews labour market policy options to accelerate the return to work after the Great Recession. To do so, it first examines the change over time in the degree of vulnerability to unemployment persistence by looking at the impact of policy determinants on the flows in and out of unemployment. It then considers the prospects for a rebound in the unemployment outflow rate by reviewing evidence regarding matching efficiency and duration dependence. Finally, based on the empirical evidence provided, it assesses the possible contribution of a range of policies to enrich the job content of a post-crisis recovery.

Date: 2012
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