Macroeconomic Effects of Active Labour Market Programmes in a Union Wage- Setting Model
Bibliographic Data
| ID | 9710826 |
|---|---|
| Authors | Lars Calmfors (Stockholm University), Harald Lang (Stockholm University) |
| Year | 1995 |
| Volume | 105 |
| Issue | 430 |
| Pages | 601 |
| Publication date | 1995-05-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.2307/2235020 |
| OpenAlex | W1975878785 |
| Language | EN |
| Citations received | 10 |
The recent Western European policy debate on unemployment has emphasized the benefits of active labor market programs. The authors analyze the effects on wage pressure and equilibrium employment in a union wage-setting framework. Programs are wage-reducing to the extent that they help maintain effective labor-force participation but they may also weaken insider incentives for wage restraint as the disutility of layoffs becomes smaller. Targeting the long-term unemployed is crucial for the success of active labor market policy since the welfare effects on the laid-off then are more heavily discounted and employment opportunities are redistributed from insiders to outsiders. Copyright 1995 by Royal Economic Society
Economics · Efficiency wage · Labour economics · Wage · Wage bargaining · Economic Policies and Impacts · Italy: Economic History and Contemporary Issues · Labor market dynamics and wage inequality
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| Unique citing works | 10 |
|---|---|
| Citations per year | 0,48 |
| Citation span | 2005 - 2024 (20) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 10 |