Labor market policy evaluation with ACE

Active Labor Market Policy in Austria: Practice and Evaluation Results

Labor Market Slack and Monetary Policy ∗

In the wake of a severe recession and a sluggish recovery, labor market slack cannot be gauged solely in terms of the conventional measure of the unemployment rate (that is, the number of individuals who are not working at all and actively searching for a job). Rather, assessments of the employment gap should reflect the incidence of underemployment (that is, people working part-time who want a...

Tax policy and labor market performance∗

In exploring the impact of tax policy on labor-market performance, the paper first investigates how tax reform impacts labor supply and equilibrium unemployment in representative agent models. The impact of tax policy on labor market performance depends importantly on various other labor-market institutions, such as minimum wage laws, wage bargaining, and unemployment benefits. In non-competiti...

Crime and the Labor Market: Policy Implications

This paper extends the Pissarides (2000) model of the labor market to include crime and punishment à la Becker (1968). The model is used to study, analytically and quantitatively, the effects of various labor market and crime policies. For instance, a more generous unemployment insurance system reduces the crime rate of the unemployed but its effect on the crime rate of the employed depends on ...

Growth, Unemployment, and Labor Market Policy *

High rates of unemployment in E.U. countries, both in historical terms and relative to those the U.S., have been a major concern for European economic policy makers since the early 90s. Since the adoption of the Lisbon Strategy in 2000, the emphasis of the discussion has shifted to focus on policy reforms designed to raise growth in the per capita GDP in the E.U. The just published Sapir Report...