Abstract:

The purpose of this empirical study is to assess the impact of three active labour market measures addressed to companies who employ graduates of education institutions or unemployed persons over 45 years old or with only 3 years left before retirement. We focus on the impact of these measures upon employment a year and a half after the completion of the measures and of their conditionality. In order to quantify the impact of these active labour market measures we rely on counterfactual scenarios, survey data and matching techniques. Empirical evidence for the case of the Romanian labour market is provided. Our findings highlight positive effects of such active labour market measures upon employment on the short-run, as our estimations support the hypothesis that the employment rate among the beneficiaries of these active measures are higher compared to similar individuals who did not benefit from these measures.