In this paper, we first rely on small area techniques to derive from EU statistics on income and living conditions (EU‐SILC) survey new indicators of compensatory and social‐investment policies at regional level. While compensatory policies have mainly the goal of protecting individuals from “old” risks (e.g., old‐age), investment‐related social policies tend to focus more on “new social risks” (e.g., skill deficits). We rely on these new indicators to perform a data‐driven structural vector autoregressive (SVAR) analysis to investigate the causal relationships between youth labor market outcomes and these two types of spending. Our results support the view that social‐investment policies are effective for tackling new social challenges.

GIULIO ECCHIA, FRANCESCA GAGLIARDI, CATERINA GIANNETTI (2020). Social Investment and Youth Labour Market Participation. CONTEMPORARY ECONOMIC POLICY, 38(2), 343-358 [10.1111/coep.12446].

Social Investment and Youth Labour Market Participation

GIULIO ECCHIA;
2020

Abstract

In this paper, we first rely on small area techniques to derive from EU statistics on income and living conditions (EU‐SILC) survey new indicators of compensatory and social‐investment policies at regional level. While compensatory policies have mainly the goal of protecting individuals from “old” risks (e.g., old‐age), investment‐related social policies tend to focus more on “new social risks” (e.g., skill deficits). We rely on these new indicators to perform a data‐driven structural vector autoregressive (SVAR) analysis to investigate the causal relationships between youth labor market outcomes and these two types of spending. Our results support the view that social‐investment policies are effective for tackling new social challenges.
2020
GIULIO ECCHIA, FRANCESCA GAGLIARDI, CATERINA GIANNETTI (2020). Social Investment and Youth Labour Market Participation. CONTEMPORARY ECONOMIC POLICY, 38(2), 343-358 [10.1111/coep.12446].
GIULIO ECCHIA; FRANCESCA GAGLIARDI; CATERINA GIANNETTI
File in questo prodotto:
File Dimensione Formato  
coep12446-appendix.pdf

accesso aperto

Descrizione: Appendix S1–S10. Supporting Information
Tipo: File Supplementare
Licenza: Licenza per accesso riservato
Dimensione 172.03 kB
Formato Adobe PDF
172.03 kB Adobe PDF Visualizza/Apri
Social Investment and Youth Labour Market Participation.pdf

accesso aperto

Tipo: Versione (PDF) editoriale
Licenza: Licenza per Accesso Aperto. Creative Commons Attribuzione (CCBY)
Dimensione 236.5 kB
Formato Adobe PDF
236.5 kB Adobe PDF Visualizza/Apri

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11585/743211
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 1
  • ???jsp.display-item.citation.isi??? 0
social impact