Effectiveness of Active Labour Market Policy Instruments in Different Phases of the Business Cycle
In view of the tense situation on the labour market, the impact of preventive and reactive labour market policy measures in the business cycle is determined based on a literature review and a counterfactual impact analysis. The subject matter is company integration subsidies, employment projects on the second labour market and selected training measures. Methodologically, the study is guided by the question of which instruments are particularly suitable in times of crisis to avoid unemployment or to bring the unemployed into employment and which instruments, on the other hand, are particularly effective in times of an economic upswing. The results of the study are intended to provide a basis for decision-making on the budget allocation of labour market policy instruments in the different phases of the economic cycle. They also serve to review labour market policy instruments about efficiency, employment incentives and reintegration into sustainable employment.