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A RHOMOLO assessment of the impact of ESF+ 2021-27

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Investments in Active Labour Market Policies (ALMPs) can reduce labour market mismatches, shortages and under-representation by reducing labour market frictions. Interventions in adult learning, reskilling and upskilling can achieve higher employment, com-petitiveness and productivity through a moder-nised labour force to meet the demands of the green and digital transition? This Insight presents the impact of such invest-ments in the context of planned ESF+ invest-ments for 2021-2027, using the RHOMOLO model. The simulations suggest that investment in up-grading worker’s skills and reducing labour mar-ket frictions can lead to long-run increases in i) EU GDP of about 0.069% and ii) employment of around 0.07%.

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  • CHRISTOU Tryfonas & GARCIA RODRIGUEZ Abian & LAZAROU Nicholas & SALOTTI Simone & SCHOENWALD Eva, 2024. "A RHOMOLO assessment of the impact of ESF+ 2021-27," JRC Research Reports JRC138499, Joint Research Centre.
    • Handle: RePEc:ipt:iptwpa:jrc138499
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