What Works for Active Labor Market Policies? A Meta-Analysis of RCT Findings

The past 10 years have witnessed a flurry of Randomized Controlled Trials (RCTs) that shed new light on the impact and cost-effectiveness of Active Labor Market Policies (ALMPs) that aim to improve workers´ access to new jobs and better wages. This paper presents the first systematic review of 102 A...

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Detalles Bibliográficos
Autores principales: Levy, Yeyati, Eduardo, Montané, Martín, Sartorio, Lucas, Gauna, Alfonso
Formato: Artículo
Lenguaje:Inglés
Publicado: Economía LACEA Journal (e-ISSN: 1533- 6239) 2025
Materias:
Mercado de trabajo
Labour Market
Política laboral
Labour Policy
Política salarial
Wagepolicies
Acceso en línea:https://repositorio.utdt.edu/handle/20.500.13098/13378
Aporte de:
Repositorio Digital Universidad Torcuato Di Tella de Universidad Torcuato Di Tella
id I57-R163-20.500.13098-13378
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spelling I57-R163-20.500.13098-133782025-04-23T05:02:47Z What Works for Active Labor Market Policies? A Meta-Analysis of RCT Findings Levy, Yeyati, Eduardo Montané, Martín Sartorio, Lucas Gauna, Alfonso Mercado de trabajo Labour Market Política laboral Labour Policy Política salarial Wagepolicies The past 10 years have witnessed a flurry of Randomized Controlled Trials (RCTs) that shed new light on the impact and cost-effectiveness of Active Labor Market Policies (ALMPs) that aim to improve workers´ access to new jobs and better wages. This paper presents the first systematic review of 102 ALMP RCTs comprising a total of 668 estimated impacts. We find that (i) a third of these estimates are positive and statistically significant (PSS) at conventional levels; (ii) programs are more likely to yield positive results when GDP growth is higher and unemployment is lower; (iii) programs aimed at building human capital, such as vocational training, independent worker assistance and wage subsidies, show significant positive impact; and (iv) program length, monetary incentives, individualized follow up and activity targeting are all key features in determining the effectiveness of the interventions Levy Yeyati, Eduardo, Martín Montané, Luca Sartorio, and Alfonso Gauna. 2025. “What Works for Active Labor Market Policies? A Meta-Analysis of RCT Findings.” Economía LACEA Journal 24(1): 81–104. DOI: https://doi.org/10.31389/eco.450 Economía LACEA Journal (e-ISSN: 1533- 6239) 2025-04-22T22:22:51Z 2024-03-19 info:eu-repo/semantics/article https://repositorio.utdt.edu/handle/20.500.13098/13378 eng Economía LACEA Journal (e-ISSN: 1533- 6239) info:eu-repo/semantics/openAccess https://creativecommons.org/licenses/by/4.0/deed.es pp. 81-104 application/pdf application/pdf
institution Universidad Torcuato Di Tella
institution_str I-57
repository_str R-163
collection Repositorio Digital Universidad Torcuato Di Tella
language Inglés
orig_language_str_mv eng
topic Mercado de trabajo
Labour Market
Política laboral
Labour Policy
Política salarial
Wagepolicies
spellingShingle Mercado de trabajo
Labour Market
Política laboral
Labour Policy
Política salarial
Wagepolicies
Levy, Yeyati, Eduardo
Montané, Martín
Sartorio, Lucas
Gauna, Alfonso
What Works for Active Labor Market Policies? A Meta-Analysis of RCT Findings
topic_facet Mercado de trabajo
Labour Market
Política laboral
Labour Policy
Política salarial
Wagepolicies
description The past 10 years have witnessed a flurry of Randomized Controlled Trials (RCTs) that shed new light on the impact and cost-effectiveness of Active Labor Market Policies (ALMPs) that aim to improve workers´ access to new jobs and better wages. This paper presents the first systematic review of 102 ALMP RCTs comprising a total of 668 estimated impacts. We find that (i) a third of these estimates are positive and statistically significant (PSS) at conventional levels; (ii) programs are more likely to yield positive results when GDP growth is higher and unemployment is lower; (iii) programs aimed at building human capital, such as vocational training, independent worker assistance and wage subsidies, show significant positive impact; and (iv) program length, monetary incentives, individualized follow up and activity targeting are all key features in determining the effectiveness of the interventions
format Artículo
author Levy, Yeyati, Eduardo
Montané, Martín
Sartorio, Lucas
Gauna, Alfonso
author_facet Levy, Yeyati, Eduardo
Montané, Martín
Sartorio, Lucas
Gauna, Alfonso
author_sort Levy, Yeyati, Eduardo
title What Works for Active Labor Market Policies? A Meta-Analysis of RCT Findings
title_short What Works for Active Labor Market Policies? A Meta-Analysis of RCT Findings
title_full What Works for Active Labor Market Policies? A Meta-Analysis of RCT Findings
title_fullStr What Works for Active Labor Market Policies? A Meta-Analysis of RCT Findings
title_full_unstemmed What Works for Active Labor Market Policies? A Meta-Analysis of RCT Findings
title_sort what works for active labor market policies? a meta-analysis of rct findings
publisher Economía LACEA Journal (e-ISSN: 1533- 6239)
publishDate 2025
url https://repositorio.utdt.edu/handle/20.500.13098/13378
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