A RHOMOLO assessment of the impact of ESF+ 2021-27
Territorial Policy Insights Series
Investments in Active Labour Market Policies (ALMPs) can reduce labour market mismatches, shortages and under-representation by reducing labour market frictions.
Interventions in adult learning, reskilling and upskilling can achieve higher employment, com-petitiveness and productivity through a moder-nised labour force to meet the demands of the green and digital transition?
This Insight presents the impact of such invest-ments in the context of planned ESF+ invest-ments for 2021-2027, using the RHOMOLO model.
The simulations suggest that investment in up-grading worker’s skills and reducing labour mar-ket frictions can lead to long-run increases in i) EU GDP of about 0.069% and ii) employment of around 0.07%.
CHRISTOU Tryfonas;
GARCIA RODRIGUEZ Abian;
LAZAROU Nicholas;
SALOTTI Simone;
SCHOENWALD Eva;
2024-09-19
Publications Office of the European Union
JRC138499
978-92-68-20112-1 (online),
OP KJ-06-24-156-EN-N (online),
https://publications.jrc.ec.europa.eu/repository/handle/JRC138499,
10.2760/93517 (online),
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