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unskilled labour and transfer them from a high-unemployment to a low-unemployment sector. Programmes have a direct labour …-transfer effect which tends to reduce total unemployment. They also have effects on wages via expectations. The later effects were to … general, the net effect on unemployment is ambiguous. The model explains the conditions under which active labour market …
Persistent link: https://www.econbiz.de/10005419567
The paper formalises the interaction between active labour market programmes and ordinary higher education in a general equilibrium framework. Both education in prorgammes and ordinary higher education serve to increase the supply of high-skilled labour. The model features a dual labour market...
Persistent link: https://www.econbiz.de/10005648524