With an election year in France and in the Netherlands, a national collective convention in Belgium and high unemployment rates in most European countries, an economic reflection on the effectiveness and efficiency of the pursued job creation policies is certainly meaningful.
The main purpose of the job creation policies, as conceived in most European countries, is the promotion of an effective and fair fine tuning of supply and demand of labor.
The instruments traditionally used, can be divided into five categories, namely :
1. Wage-cost subsidies
2. Educational and vocational measures
3. Direct job creation measures
4. Reduction of labor supply
5. Promotion of entrepreneurship.