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The Growing Challenge of Youth Unemployment in Europe & USA Cross-Cultural Perspective$
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Radha Jagannathan

Print publication date: 2021

Print ISBN-13: 9781529200102

Published to Policy Press Scholarship Online: January 2022

DOI: 10.1332/policypress/9781529200102.001.0001

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Labor Market Policies to Fight Youth Unemployment in Portugal: Between Statism and Experimentalism

Labor Market Policies to Fight Youth Unemployment in Portugal: Between Statism and Experimentalism

Chapter:
(p.127) 6 Labor Market Policies to Fight Youth Unemployment in Portugal: Between Statism and Experimentalism
Source:
The Growing Challenge of Youth Unemployment in Europe & US
Author(s):

Paulo Marques

Pedro Videira

Publisher:
Policy Press
DOI:10.1332/policypress/9781529200102.003.0006

Authors Paulo Marques and Pedro Videira use a comparative political economy framework and employ the varieties of capitalism typology to organize their work in this chapter. Arguing the absence of perfect free-market capitalism or perfect coordination of employment efforts by labor market actors, the authors hypothesize that (a) statism played a key role in tacking youth unemployment through programs that did not rely completely on either liberalized or coordinated markets; (b) the Portuguese government may have implicitly relied on an American entrepreneurship model to transition to a knowledge-based economy to stimulate economic growth; and (c) the state has had to rely on a mix of active labor market policies for youth advocated by the EU both on the supply and the demand sides of the market, but not in a consistent fashion (experimentalism). The authors use historic data on youth-oriented ALMPs implemented in Portugal between 2000 and 2017 to test their hypotheses, and present their results on the congruence of their hypotheses with empirical data. They conclude with a discussion of their expectations on the kinds of policies the government is likely to pursue in the next few years to address continuing concerns of absorbing young graduates into the productive workforce.

Keywords:   Statism, Experimentalism, Varieties of capitalism, Austerity policies, Skills mismatch, Wage subsidy

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