Friday, May 16, 2014

Links of the Week 16.5.14

1. Can Active Labour Market Policies Combat Youth Unemployment?, Maibom et al (2014), IZA Discussion Paper
Abstract: Active labour market policies (ALMPs) may play an important role in preventing an increase in long-term unemployment following the Great Recession. We consider this issue for Denmark, a country relying extensively on this instrument. We present evidence on the effectiveness of ALMPs as a way of fighting youth unemployment using results from a randomised controlled trial (RCT) that intensified the use of ALMPs. The intervention was conducted after the onset of the financial crisis, and the findings are relatively unfavourable in the sense that further intensification of an already quite intensive effort for youth did not increase employment. In addition, the intensification of ALMPs seems to have increased transitions into sickness benefits.

2. US College Majors 1970-2011 (interactive graph)

3. A 184 page presentation prepared by James Heckman for Gary Becker's 80th birthday.

4. Big Data: New Tricks for Econometrics, Hal Varian (2014)
Abstract: Nowadays computers are in the middle of most economic transactions. These "computer-mediated transactions" generate huge amounts of data, and new tools can be used to manipulate and analyze this data. This essay off ers a brief introduction to some of these tools and methods.

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