On labour market policies and aggregate unemployment outflows

The research studied the influence of labour market policies (LMPs) such as training programmes and unemployment compensation on unemployment exit rates. It assessed job competition for vacancies between groups of job seekers based on Belgian data over a 30 year period. The study also showed that a number of variables are integrated of order 1 based on the tests. In addition, classical econometric and cointegration approaches have been formulated to assess the relation of conclusions to the methodology used.