Mitigating Long-term Unemployment in Europe
Hiroaki Miyamoto and
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Suphaphiphat Nujin: International Monetary Fund, 700 19th Street NW, Washington, DC20431, United States
IZA Journal of Labor Policy, 2021, vol. 11, issue 1, 27
While unemployment rates in Europe declined after the global financial crisis until 2018/2019, the incidence of long-term unemployment, the share of people who have been unemployed for >1 year to the total unemployed, remained high. Moreover, the COVID-19 pandemic could aggravate the long-term unemployment. This paper explores the factors associated with long-term unemployment in European countries using a panel of 25 European countries over the period 2000–2018. We find that skill mismatches, labor market matching efficiency, and labor market policies are associated with the incidence of long-term unemployment. Among the different types of active labor market policies, training and startup incentives are found to be effective in reducing long-term unemployment.
Keywords: long-term unemployment; labor market matching efficiency; active labor market policy (search for similar items in EconPapers)
JEL-codes: J64 J68 (search for similar items in EconPapers)
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Working Paper: Mitigating Long-term Unemployment in Europe (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:izajlp:v:11:y:2021:i:1:p:27:n:3
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