Education and active labour market policy complementarities in promoting employment: Reinforcement, substitution and compensation.

ABSTRACT: This paper theorises and empirically assesses how education and active labour market policy (ALMP) relate to each other in shaping individuals' employment chances in Europe. It provides a theoretical base for assessing policy complementarities building on sociological skill-formation literature, varieties of capitalism and social investment literature. Two hypotheses of complementarity are advanced: reinforcement whereby higher investment in general skills via education boosts ALMP effectiveness; and substitution-compensation whereby investments in either policy suffice, rendering individual employment chances less dependent on ALMPs at higher (prior) educational investment levels. The advanced theoretical propositions are empirically tested by looking at how individual employment chances

SUBMITTER: Plavgo I 

PROVIDER: S-EPMC10108074 | biostudies-literature | 2023 Mar

REPOSITORIES: biostudies-literature