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The 2007-2009 period has been characterised by an oil shock followed by a financial crisis. Higher oil prices and the prospect of higher borrowing costs are likely to reduce the productive potential of OECD economies. The present study provides illustrative numerical estimates of the impact...
Persistent link: https://www.econbiz.de/10008461036
The OECD makes frequent use of the supply-side framework and associated measures of factor productivity, productive potential and associated output gaps in the assessment of the short-term conjunctural situation, comparative economic performance and longer-term growth determinants. This paper...
Persistent link: https://www.econbiz.de/10005045696
model that features endogenous producer entry, equilibrium unemployment and costly job creation and destruction. Unlike in …, but some of them -- such as job protection reforms -- are found to increase unemployment temporarily. Implementing a broad …
Persistent link: https://www.econbiz.de/10011007421
The strength of the German labour market response to the financial crisis of 2008-09 demonstrated the benefits of past labour market reforms, which raised work incentives, improved job matching and increased working hour flexibility. Going forward, the government should build on this success and...
Persistent link: https://www.econbiz.de/10011276953
Over the past decade, the share of jobs not controlled by the state has increased considerably, whilst employment in agriculture has declined, against the backdrop of ongoing urbanisation. Over 200 million people have been drawn into urban areas through official or unofficial migration, despite...
Persistent link: https://www.econbiz.de/10008480477
struggling to emerge from the crisis. Reflecting the weakness of this traditional sector, which is labour intensive, unemployment … construction sector.<p> To tackle high and persistent unemployment and thus stave off social exclusion, Ireland needs to further …
Persistent link: https://www.econbiz.de/10009364450
increasing targeted training. Reforms in wage setting, labour taxation, unemployment benefits and activation policies will foster … job creation, thus enhancing output growth while avoiding high unemployment becoming entrenched and threatening social …
Persistent link: https://www.econbiz.de/10011276804
The labour market in Estonia is volatile, increasing the risk that groups with some obstacles to enter the labour market (youth, non-Estonian speakers and workers with no upper secondary graduation certificate) may become long-term unemployed, due to the aggravating skills mismatch in the wake...
Persistent link: https://www.econbiz.de/10011276856
students. Unemployment is high and the school-to-job transition process does not work well. Spending on education and active … because of the high level of long-term unemployment, more emphasis should be placed on activation policies, particularly on …
Persistent link: https://www.econbiz.de/10011276911
contribution of each age group to total unemployment-rate differentials is also computed. An estimate of the sensitivity of age …-specific unemployment rates to the economic cycle is provided for OECD countries. France is one of the OECD countries having the highest …’s total unemployment rate differential with best-performing countries. Youth unemployment rate is especially sensitive to …
Persistent link: https://www.econbiz.de/10011276961