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Erscheinungsjahr: 
2021
Quellenangabe: 
[Journal:] IZA Journal of Labor Policy [ISSN:] 2193-9004 [Volume:] 11 [Issue:] 1 [Article No.:] 3 [Year:] 2021 [Pages:] 1-27
Verlag: 
Sciendo, Warsaw
Zusammenfassung: 
While unemployment rates in Europe declined after the global financial crisis until 2018/2019, the incidence of long-term unemployment, the share of people who have been unemployed for >1 year to the total unemployed, remained high. Moreover, the COVID-19 pandemic could aggravate the long-term unemployment. This paper explores the factors associated with long-term unemployment in European countries using a panel of 25 European countries over the period 2000-2018. We find that skill mismatches, labor market matching efficiency, and labor market policies are associated with the incidence of long-term unemployment. Among the different types of active labor market policies, training and startup incentives are found to be effective in reducing long-term unemployment.
Schlagwörter: 
ong-term unemployment
labor market matching efficiency
active labor market policy
JEL: 
E24
J64
J68
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