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On Labour Market Policies and Aggregate Unemployment Outflows.

  • Economics


This paper is interested in the modeling of the relationship between active and passive labor market policies and the aggregate unemployment outflow rate. The authors' model is based on a matching function and includes a simple representation of the competition between various groups of job searchers. The empirical analysis uses Belgian data. Faced with variables that are often integrated of order one according to the usual tests but which cannot strictly speaking be integrated, the authors contribute to an important methodological debate by comparing the conclusions of a classical econometric analysis and a cointegration approach. Copyright 1997 by Blackwell Publishing Ltd

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