Abstract
"Although there is a consensus on the need for an active employment policy, there are still differences in opinion on which tools should be used to achieve employment policy objectives. The aim of the paper is to examine whether the instruments of active employment policy in the EU countries using the LMP database have been effectively set up, as there is a clear difference in the allocation of public expenditure and how it is provided according to specific support programs. The results suggest that countries such as Austria, Sweden and Germany are examples of the right policy setting (from the allocation of funds to their evaluation). If we evaluate the position of Slovakia, according to the results of the studies, we can say that the most effective tools are in the field of education and therefore the volume of their funding should be increased. Instruments from the Employment incentives section, where Slovakia has the most funds, were found to be effective, but only on the short term, therefore we recommend reassessing the 51.80% stake in this section. The least effective instruments are in the Direct job creation section, in which Slovakia also invests the lowest amount of funds."
Highlights
The aim of the paper is to examine whether the instruments of active employment policy in individual EU countries using the LMP database (Labour Market Policy Database) have been effectively set up, as there is a clear difference in the allocation of public expenditure and how it is provided depending on specific support programs
The first selected characteristic is the expenditures for 2017, which we examine according to the percentage of GDP of the 27 EU countries for each section of the LMP database separately
Given that expenditure is a key indicator, the aim of our research was to examine whether active employment policy instruments in individual EU countries using the LMP database were effectively set up, as there is a clear difference in the allocation of public expenditure and the delivery according to specific support programs
Summary
As passive employment policy began to develop in the 1920s and its importance was found to be crucial, the focus of the policy began to shift to its active components. The aim of the paper is to examine whether the instruments of active employment policy in individual EU countries using the LMP database (Labour Market Policy Database) have been effectively set up, as there is a clear difference in the allocation of public expenditure and how it is provided depending on specific support programs. We will confront the results of our findings with the conclusions of published academic studies, which point to the positive or negative effects of specific employment programs in EU countries together with a detailed examination of their focus in Slovakia. By the synthesis of the knowledge we have acquired, we can talk about a relatively effective or ineffective setting of their policies in a narrower context, as we abstract from other factors[1]
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