This article investigates the effectiveness of an employment programme exclusively run by a private sector firm in order to find out whether such a programme can be beneficial to both the participating individuals and the private firm. To answer these questions, we use a unique dataset on a private employment programme covering 23 years of operations and data on 1,000 participating unemployed individuals. Using conservative estimates, we show that a private employment programme is more effective in reintegrating the unemployed than public efforts, while providing tangible benefits to the firm.
Gerards, R., Muysken, J., & Welters, R. A. M. H. M. (2014). Active labour market policy by a profit-maximizing firm. British Journal of Industrial Relations, 52(1), 136-157. https://doi.org/10.1111/j.1467-8543.2012.00915.x