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Macroeconomic Evaluation of Labor Market Reform in Germany

Krebs, Tom; Scheffel, Martin - International Monetary Fund (IMF) - 2013

-run (noncyclical) unemployment rate in Germany by 1.4 percentage points. We also find that the welfare of employed households increases … German unemployment insurance system and resulted in a significant reduction in unemployment benefits for the long …-term unemployed. In this paper, we use an incomplete-market model with search unemployment to evaluate the macro-economic and welfare …

Persistent link: https://www.econbiz.de/10010790434

Fostering Growth in Europe Now

Barkbu, Bergljot; Rahman, Jesmin; Valdés, Rodrigo O. - International Monetary Fund (IMF) - 2012

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience...

Persistent link: https://www.econbiz.de/10010790482

Labor Market Policies and IMF Advice in Advanced Economies during the Great Recession

Blanchard, Olivier J.; Jaumotte, Florence; Loungani, Prakash - International Monetary Fund (IMF) - 2013

This paper does two things. First, it articulates what are the main implications of theoretical and empirical research for design of labor market policies and labor market institutions. Second, in this light, the paper analyzes the IMF’s labor market recommendations since the beginning of the...

Persistent link: https://www.econbiz.de/10010790488

Belgium; Selected Issues

International Monetary Fund (IMF); International … - 2004

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

On the Speed of Transition in Central and Eastern Europe; Doeson-The-Job Search Matter?

Brixiova, Zuzana - International Monetary Fund (IMF) - 1997

affects private sector employment, the unemployment level, and the unemployment duration in the transition economies of … private sector and a high unemployment level of long duration. The paper also addresses the issue of the optimal (output …

Persistent link: https://www.econbiz.de/10005599222

Job-Specific Investment and the Cost of Dismissal Restrictions; The Case of Portugal

Takizawa, H. - International Monetary Fund (IMF) - 2003

Using a search and matching labor market equilibrium model, this paper quantifies lost labor productivity and consumption per worker that emerges from the restrictions on dismissals. Dismissal restrictions hamper the efficient reallocation of workers, with workers remaining longer in jobs. But...

Persistent link: https://www.econbiz.de/10005604782

Reforming Employment Protection Legislation in France

Zhou, Jian-Ping - International Monetary Fund (IMF) - 2006

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

Wage Compression, Employment Restrictions and Unemployment; The Case of Mauritius

International Monetary Fund (IMF); International … - 2004

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

What Determines the Reservation Wages of Unemployed Workers? New Evidence From German Micro Data

Prasad, Eswar - International Monetary Fund (IMF) - 2003

macroeconomic factors--including the unemployment rate and generosity of the unemployment compensation system--as well as individual …-specific determinants, such as human capital proxies and length of unemployment spell. The longitudinal dataset provides an interesting … unemployment to employment. The findings shed light on the disincentive effects of the German tax and transfer system for the …

Persistent link: https://www.econbiz.de/10005826626

Reforming Labor and Product Markets; Some Lessons From Two Decades of Experiments in Europe

Boeri, Tito - International Monetary Fund (IMF) - 2005

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