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This paper analyzes the decision of a government facing electoral uncertainty to implement structural reforms in the presence of fiscal restraints similar to the Stability and Growth Pact. The model shows that a pact may harm structural reforms, sacrificing future growth for present stability....
Persistent link: https://www.econbiz.de/10005263795
restrictions affects the outcome of the matching process and the natural rate of unemployment in Tunisia. The paper concludes that … the removal of firing restrictions is likely to produce a favorable but limited impact on unemployment in Tunisia. …
Persistent link: https://www.econbiz.de/10005264000
labor market can coexist with a generous welfare system to achieve low unemployment. Using a panel of 19 countries over 1960 …-2002, the paper identifies the elements of the flexicurity model that may have contributed to the low unemployment rate. A … the financing aspect, the paper finds that effective implementation will depend on the initial unemployment level and …
Persistent link: https://www.econbiz.de/10005825613
EPL discourages both. The overall impact on equilibrium unemployment is thus ambiguous, depending on the characteristics … destruction effect is stronger, thus raising the unemployment rate. …
Persistent link: https://www.econbiz.de/10005825839
production decision made by profit-maximizing firms, with insurance provisions and labor market institutions affecting the costs …
Persistent link: https://www.econbiz.de/10005826222
extent of unemployment and labor market churning. With institutions of the type studied here common across many different … relatively minor intervention can dramatically increase the fragility of jobs, the length of unemployment spells, as well as the …
Persistent link: https://www.econbiz.de/10005826536
particular demographic groups. These developments can largely be accounted for by worse matching of people to jobs in the high-unemployment …
Persistent link: https://www.econbiz.de/10005826565
flexibility with state-provided unemployment insurance and can be applied only to new entrants in the market without affecting the …
Persistent link: https://www.econbiz.de/10005826643
Using household level data for France from 1990 to 2000, we estimate a relationship between wages and unemployment …
Persistent link: https://www.econbiz.de/10005768837
This study explores the effects of labor and product market deregulation on employment growth. Our empirical results, based on an OECD country panel from 1990-2004, suggest that lower levels of product and labor market regulation foster employment growth, including through sizable interaction...
Persistent link: https://www.econbiz.de/10005769319