Getting the unemployed back to work: the role of targeted wage subsidies

Bell Bell · Richard W. Blundell · John Michael Van Reenen

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Labor market dynamics and wage inequality Employment, Labor, and Gender Studies Education and Labor Relations

Abstract

This paper examines alternative approaches to wage subsidy programmes.It does this in the context of a recent active labour market reform for the young unemployed in Britain.This "New Deal" reform and the characteristics of the target group are examined in detail.We discuss theoretical considerations, survey the existing empirical evidence and propose two strategies for evaluation.The …rst suggests an ex-post 'trend adjusted di¤erence in di¤erence' estimator.The second, relates to a model based ex-ante evaluation.We present the conditions for each to provide a reliable evaluation and …t some of the crucial parameters using data from the British Labour Force Survey.We stress that the success of this type of labour market programmes hinge on dynamic aspects of the youth labour market, in particular the pay-o¤ to experience and training.

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References

1992Unemployment: macroeconomic performance and the labour market 1978Estimating the Effect of Training Programs on Earnings 1988Unemployment Insurance And Unemployment Spells 1998Life Cycle Schooling and Dynamic Selection Bias: Models and Evidence for Five Cohorts of American Males 1984Using the Longitudinal Structure of Earnings to Estimate the Effect of Training Programs 1995Labor Supply Response to the Earned Income Tax Credit 2007Lessons from the U.S. Unemployment Insurance Experiments 2017Estimating labour supply responses using tax reforms

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2011The Impact of Indian Job Guarantee Scheme on Labor Market Outcomes: Evidence from a Natural Experiment 2017Evaluating the employment impact of a mandatory job search assistance program 2015Active labor market programs - employment gain or fiscal drain?2012Soft Skills or Hard Cash? The Impact of Training and Wage Subsidy Programs on Female Youth Employment in Jordan 2009The effectiveness of targeted wage subsidies for hard-to-place workers

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