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Do Labor Market Rigidities Fulfill Distributive Objectives?: Searching for the Virtues of the European Model
Saint-Paul, Gilles - In: IMF Staff Papers 41 (1994) 4, pp. 624-642
The distributional effects of the minimum wage are analyzed in a model where skilled and unskilled labor are inputs into the production function. It is argued that distributional goals are best achieved by letting the labor market clear itself and achieving redistribution through taxes and...
Persistent link: https://www.econbiz.de/10008915209
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Policy Complementarities: The Case for Fundamental Labor Market Reform
Coe, David T.; Snower, Dennis J. - In: IMF Staff Papers 44 (1997) 1, pp. 1-35
unemployment. What is required instead is deeper labor market reforms across a broader range of complementary policies and … institutions. To be politically feasible, these reforms must be combined with measures to address distributional issues. …
Persistent link: https://www.econbiz.de/10008915644