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Provides an overview of the microeconometric evaluation methods for evaluation of labour market and other public policies. This book focuses on the propensity score matching method and gives guidance for its implementation. It uses this method to evaluate the employment effects of job creation schemes on the participating individuals in Germany.
The evaluation of labour market and other public policies has become increasingly important in recent years. In an era of tight government budgets, a thorough analysis of these measures is imperative. This book provides a comprehensive overview and assessment of the most relevant microeconometric evaluation methods. It focuses on the popular propensity score matching method and gives extensive guidance for its implementation. In the second part of the book, this method is used to evaluate the employment effects of job creation schemes on the participating individuals in Germany. Based on a large administrative dataset of over 11,000 participants, the study allows to draw policy-relevant conclusions for the first time.
The Youth Guarantee was designed as a result of the high youth unemployment rates in many European labour countries after the economic recession. With the rate of youth unemployment generally declining since then, different challenges have evolved for young people in the labour market. Member States have experienced different paths in their economic recoveries, and the composition of groups of disadvantaged young people differs by country and by region, resulting in a combination of both Europe-wide challenges and specifically national challenges. In addition, it is expected that future techno-logical developments will have significant impacts on European labour markets, particularly impacti...