A RHOMOLO assessment of the impact of ESF+ 2021-27

Tryfonas Christou, Abian Garcia Rodriguez (), Nicholas Lazarou (), Simone Salotti and Eva Schoenwald
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Abian Garcia Rodriguez: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en
Nicholas Lazarou: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en

No JRC138499, JRC Research Reports from Joint Research Centre

Abstract: Investments in Active Labour Market Policies (ALMPs) can reduce labour market mismatches, shortages and under-representation by reducing labour market frictions. Interventions in adult learning, reskilling and upskilling can achieve higher employment, com-petitiveness and productivity through a moder-nised labour force to meet the demands of the green and digital transition? This Insight presents the impact of such invest-ments in the context of planned ESF+ invest-ments for 2021-2027, using the RHOMOLO model. The simulations suggest that investment in up-grading worker’s skills and reducing labour mar-ket frictions can lead to long-run increases in i) EU GDP of about 0.069% and ii) employment of around 0.07%.

Date: 2024-09
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