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Government expenditure on labour market policies in OECD countries: responding to the economic crisis

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  • Hyungjo Hur

Abstract

In most Organization for Economic Cooperation and Development (OECD) countries, the unemployment rate increased considerably during the early stage of the Great Recession of 2008. However, unemployment trends varied by country: some countries were more resilient, resulting in a faster recovery and lower or steady unemployment rates during the recession. This study evaluates the impact of different government expenditures on labour market policies (especially active labour market policies) among OECD unemployment rates. Based on panel regression and a difference-in-difference analysis utilizing panel data from 2001 to 2013, this study discusses how government active labour market policies have worked to reduce the unemployment rate, and how this policy helps resilient countries to adapt to unexpected economic crises.

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  • Hyungjo Hur, 2019. "Government expenditure on labour market policies in OECD countries: responding to the economic crisis," Policy Studies, Taylor & Francis Journals, vol. 40(6), pages 585-608, November.
    • Handle: RePEc:taf:cposxx:v:40:y:2019:i:6:p:585-608
    DOI: 10.1080/01442872.2018.1533113
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    Cited by:

    1. Birca Alic & Sarai Natalia, 2023. "Comparative Analysis Of Expenditures Related To Active Labor Market Policies In The European Union And The Republic Of Moldova," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 45-55, June.
    2. Alic BÎRCA, 2023. "Workforce Participation in Active Labour Market Policies: A Comparative Analysis in EU Member States," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 24(2), pages 173-187, May.
    3. Povilas Lastauskas & Julius Stak.enas, 2024. "Labor Market Policies in High- and Low-Interest Rate Environments: Evidence from the Euro Area," Papers 2410.12024, arXiv.org.

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