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HomeUpdate and extension of the labour market model
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The current project is financed under the European Programme for Employment and Social Innovation ‘EaSI’ 2014-2020. EaSI is a financing instrument at the EU level managed directly by the European Commission, which contributes to the implementation of the Europe 2020 strategy. It provides financial support for the Union’s objectives in terms of promoting a high level of quality and sustainable employment, guaranteeing adequate and decent social protection, combatting social exclusion and poverty, as well as improving working conditions. The aim of this project is an update, extension and refinement of the existing Labour Market Model (LMM). LMM is a dynamic computable general equilibrium model with a detailed description of the labour market. The model is based on an in-depth micro-foundation for the actors involved, namely households and firms. The model is applied to assess how an economy might react to changes in labour market policies, other policy reforms, or external factors. LMM is used to provide a theoretical and empirical basis for identifying the possible direction and intensity of the effects of policies, rather than to make forecasts/projections of future developments. For instance, such policies can comprise changes in direct and indirect taxation, active and passive labour market policies, employment protection legislation (EPL), training subsidies, pension regimes, direct support to vulnerable groups (such as low-income employment), and demographic shocks (e.g., migration).
- Published:
- Themes: Labour market — Free movement of workers
- Subject: data collection , demography , economic model , education , EU employment policy , health expenditure , job security , labour market , macroeconomics , social security , tax on income , unemployment , unemployment insurance
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| ISSN | ISBN 978-92-68-19789-9 | DOI 10.2767/609214 | Catalogue number KE-02-24-830-EN-N |
- Released on EU publications website:
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