“Active Labour Market Policies are a general denomination for specific policies that could be broadly grouped into four big policy clusters – vocational training, assistance in the job search process, wage subsidies or public works programmes, and support to micro-entrepreneurs or independent workers. Governments allocate significant fiscal resources to ALMPs (…) to reduce unemployment levels, increase labour income and facilitate the adoption of new technologies that boost productivity”.
Source: Yeyati, E., L. and Martin Montané, L.S. 2019. “Understanding what works for active labour market policies”. VoxEU. <https://voxeu.org/article/understanding-what-works-active-labour-market-policies>. Accessed 29 October 2020.
