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Notes 266<br />

102 Scandinavian schemes that are coupled with a high degree of compulsion to enter <strong>the</strong>m<br />

have been <strong>the</strong> most successful. See OECD, supra note 12 or OECD, supra note 75, pp. 85–6.<br />

103 Ibid. See also OECD, supra note 75, pp. 85–6.<br />

104 Van Reenen, supra note 40, p. 1.<br />

105 Ibid., p. 2.<br />

106 Ibid., p. 8.<br />

107 See ibid., pp. 13–18 <strong>for</strong> a full account.<br />

108 Ibid., p. 19.<br />

109 Peter Dolton and Donal O’Neill, “Unemployment duration and <strong>the</strong> restart effect: some<br />

experimental evidence,” Economic Journal, 106(435) (1996), p. 390.<br />

110 Milhar and Smith, supra note 45, pp. 4–7.<br />

111 OECD, supra note 75, p. 82.<br />

112 <strong>The</strong> strategy of requiring all job vacancies to be posted to government-run job banks may<br />

constitute undue labour market regulation and be a deterrent to hiring. <strong>The</strong> question of how<br />

large of a deterrent such a policy would be is an empirical one, and must be balanced against<br />

<strong>the</strong> efficiency gains associated with having a central repository of all job openings.<br />

113 Leigh, 1995, supra note 35, p. 188.<br />

114 For example, employers might simply use unskilled, cheap labour without providing any<br />

training, and employees may look <strong>for</strong> <strong>the</strong> least skills-intensive job without having to go<br />

through any training.<br />

115 Hall, supra note 84, p. 12.<br />

116 OECD, supra note 92, p. 222.<br />

117 “Job network ad costs $1.3m,” Courier-Mail (November 11, 2003).<br />

118 OECD, supra note 75.<br />

119 Ibid., p. 84.<br />

120 OECD, supra note 39, p. 31.<br />

121 See Donahue, supra note 20, p. 198.<br />

122 Bart Cockx, “<strong>The</strong> design of active labour market policies: what matters and what doesn’t?,”<br />

Institut de Recherches Economiques et Sociales and <strong>the</strong> Université Catholique de Louvain<br />

Department of Economics (1998), p. 8.<br />

123 Ibid., p. 10.<br />

124 Ibid., p. 11.<br />

125 Dockery and Stromback, supra note 83, p. 437.<br />

126 Ibid., p. 444.<br />

127 Ibid.<br />

128 Heckman, LaLonde and Smith, supra note 79.<br />

129 Lundsgaard, supra note 85, p. 21.<br />

11<br />

Conclusion<br />

1 See Michael J.Trebilcock, “Lurching around Chicago: <strong>the</strong> positive challenge of explaining <strong>the</strong><br />

recent regulatory re<strong>for</strong>m agenda,” in Richard M.Bird, Michael J. Trebilcock and Thomas<br />

A.Wilson (eds) Rationality in Public Policy: Retrospect and Prospect, A Tribute to Douglas<br />

Hartle (Toronto: Canadian Tax Foundation, 1999), Chapter 11; Michael Trebilcock and Ron<br />

Daniels, “Journeys across <strong>the</strong> institutional divides: reinterpreting <strong>the</strong> reinventing government<br />

movement,” Working Paper, University of Toronto Law School (2000).<br />

2 J.M.Keynes, <strong>The</strong> General <strong>The</strong>ory of Employment, Interest & Money (London: Macmillan,<br />

1936), p. 384.

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