Start-up subsidies for the unemployed : Long-term evidence and effect heterogeneity

  title={Start-up subsidies for the unemployed : Long-term evidence and effect heterogeneity},
  author={Marco Caliendo and Steffen K{\"u}nn},
Turning unemployment into self-employment has become an increasingly important part of active labor market policies (ALMP) in many OECD countries. Germany is a good example where the spending on start-up subsidies for the unemployed accounted for nearly 17% of the total spending on ALMP in 2004. In contrast to other programs—like vocational training, job creation schemes, or wage subsidies—the empirical evidence on the effectiveness of such schemes is still scarce; especially regarding long… CONTINUE READING
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