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Mitigating Long-term Unemployment in Europe.
- Source :
- IZA Journal of Labor Policy; 11/25/2021, Vol. 11, p1-27, 27p
- Publication Year :
- 2021
-
Abstract
- 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. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 21939004
- Volume :
- 11
- Database :
- Complementary Index
- Journal :
- IZA Journal of Labor Policy
- Publication Type :
- Academic Journal
- Accession number :
- 156111849
- Full Text :
- https://doi.org/10.2478/izajolp-2021-0003