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and commodity exporters, exacerbating South Africa’s already-high levels of unemployment (25 percent) and inequality …
Persistent link: https://www.econbiz.de/10011243213
structural constraints, such as protracted strikes and electricity constraints, have been important factors. Unemployment remains …
Persistent link: https://www.econbiz.de/10011243691
The paper discusses the flexicurity model, its key policy elements, and association with a low unemployment rate and a … high standard of social security for the unemployed. It provides details of an empirical analysis of unemployment …
Persistent link: https://www.econbiz.de/10011245015
. At end-2004, the unemployment rate amounted to 12 percent, and about one-third of the labor force was considered …
Persistent link: https://www.econbiz.de/10005824954
This Selected Issues paper on Portugal reviews the considerations regarding productivity slowdown. The favorable evolution of income growth from the 1970s to the mid-1990s in Portugal was associated with above-average productivity growth but also reflected a more moderate decline in the amount...
Persistent link: https://www.econbiz.de/10005825549
Governments often intervene in labor markets with the aim of reducing inequality and promoting employment. Such … relatively minor intervention can dramatically increase the fragility of jobs, the length of unemployment spells, as well as the … extent of unemployment and labor market churning. With institutions of the type studied here common across many different …
Persistent link: https://www.econbiz.de/10005826536
Belgium has effected a remarkable fiscal adjustment, best illustrated by the decline in its public debt. While benefiting from an appreciable decline in interest rates, most of the underlying consolidation reflected a considerable increase in the tax burden, one of the highest in the...
Persistent link: https://www.econbiz.de/10005768647
Real unit labor costs (RULC) growth differentials between euro area members have persisted since EMU began and even widened out in the run-up to the crisis. This paper focuses on the causes underlying such dispersion. According to our empirical findings, persistent RULC growth differentials can...
Persistent link: https://www.econbiz.de/10009019597
Based on the economic literature, various policy measures and institutions in the product and labor markets that increase growth and employment are studied. From a cross-country approach, this study finds a significant relationship between Vertical Fiscal Imbalances (VFIs) and fiscal performance...
Persistent link: https://www.econbiz.de/10011244125
Persistent link: https://www.econbiz.de/10000058326