Unconventional active labor market policy: Insights from new policy experiments

We evaluate two policies that provide financial incentives for re-employment of job seekers at risk of long-term unemployment: (i) a re-employment voucher that incentivizes a specialized third party to match the job seeker with an employer; and (ii) a re-employment bonus that incentivizes the job seeker directly. We combine administrative records and data generated by an experimental implementation of these policies in northern Italy during 2017-2018 and involving more than 10,000 job seekers. Each policy is no less effective than conventional job search assistance. We argue that a dual voucher-bonus system based on self-selection would be cost effective.

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