The paper uses non-experimental longitudinal data to study the effects of participation in the Youth Guarantee programme aimed at fighting youth inactivity in the European Union territory. Particularly, this analysis questions the value of active labour market policy as a valid instrument to help individuals otherwise isolated from the labour market and, thus, at risk of deterioration of human capital overcome their condition of occupational inactivity. A difference-in-differences model is exploited in this regard to investigate whether there exists an advantage for participants of the Youth Guarantee in terms of employment and job stability. Results show that participants are 7.4 and 4.4 percentage points more likely to, respectively, become employed and be offered an open-ended contract. An assessment of profiling is also provided.

中文翻译：

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“您收获了自己的收获”：积极的劳动力市场政策是否总能增加工作保障？青年保证的证据

本文使用非实验性纵向数据来研究参与旨在防止欧洲联盟境内青年不活跃的青年保证计划的影响。特别是，这种分析质疑积极的劳动力市场政策作为帮助个人从劳动力市场中孤立出来的个人的有效手段的价值，因此，人力资本恶化的风险克服了他们的职业闲置状况。在这方面，采用了差异差异模型，以研究青年保障参加者在就业和工作稳定性方面是否存在优势。结果显示，参与者被雇用并获得不限成员名额合同的可能性分别高7.4和4.4个百分点。还提供概要分析。