AN IMPACT ANALYSIS OF ACTIVE AND PASSIVE LABOUR MARKET POLICIES WITHIN THE EUROPEAN UNION
AN IMPACT ANALYSIS OF ACTIVE AND PASSIVE LABOUR MARKET POLICIES WITHIN THE EUROPEAN UNION

Summary/Abstract: The purpose of the paper is to analyse the European labour market outcomes under the impact of active and passive labour market policies. More specifically, the paper methodizes the main active and passive labour market policies and their role in reducing the level of unemployment. The policies that frame a more efficient unemployment insurance system are essential to increase security, while encouraging the unemployed to look for a job and to accept a job offer. The analysis is based on a set of specific labour market indicators and on applying the regression method. We found that high employment rates are generally associated with large expenses on active and passive labour market policies. The degree of influence and strong dependence between performance and policy labour market indicators are illustrated in various ways and discussed within the paper.

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