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Reconciling Stability and Growth; Smart Pacts and Structural Reforms

Beetsma, Roel M. W. J.; Debrun, Xavier - International Monetary Fund (IMF) - 2003

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

Social Sector Reform in Transition Countries

Keller, Christian; Heller, Peter S. - International Monetary Fund (IMF) - 2001

During the transition process, many existing social sector institutions and policies were significantly eroded and …

Persistent link: https://www.econbiz.de/10005264010

Regional Convergence and the Role of Federal Transfers in Canada

Swagel, Phillip; Dunaway, Steven Vincent; Kaufman, … - International Monetary Fund (IMF) - 2003

Differences in per capita output across Canadian provinces have narrowed less than disparities in per capita income in past decades. Using a panel regression framework, this paper studies the differential impact of federal transfer programs on output convergence. The evidence suggests that while...

Persistent link: https://www.econbiz.de/10005264150

The Aging of the Population and the Size of the Welfare State

Swagel, Phillip; Sadka, Efraim; Razin, Assaf - International Monetary Fund (IMF) - 2002

Data for the United States and countries in Western Europe indicate a negative correlation between the dependency ratio and both labor tax rates and the generosity of social transfers, after controlling for other factors that influence the size of the welfare state. This is despite the increased...

Persistent link: https://www.econbiz.de/10005825663

Argentina; Macroeconomic Crisis and Household Vulnerability

Inchauste, Gabriela; Corbacho, Ana; Garcia-Escribano, … - International Monetary Fund (IMF) - 2003

Using urban household surveys, we constructed a panel dataset to study the effects of the Argentine macroeconomic crisis of 1999-2002 with the aim of (1) identifying the most vulnerable households, (2) investigating whether employment in the public sector and government spending served to...

Persistent link: https://www.econbiz.de/10005826087

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

Wage Moderation in France

Estevão, Marcello M.; Nargis, Nigar - International Monetary Fund (IMF) - 2002

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

Alternative Social Security Systems in CIS Countries

Ahmad, Ehtisham; Schneider, Jean-Luc - International Monetary Fund (IMF) - 1993

In the USSR in 1990, social security reforms led to the imposition of a uniform system of benefits in a large and demographically diverse country. This required inter-regional transfers, which are now no longer feasible with the demise of the USSR. Relatively high contribution rates also pose a...

Persistent link: https://www.econbiz.de/10005599581

A Cointegration Model for Search Equilibrium Wage Formation

International Monetary Fund (IMF); International … - 2004

market flows on wage formation as an alternative to the traditional specification of wage equations in which unemployment …

Persistent link: https://www.econbiz.de/10005604781

China's Labor Market Performance and Challenges

Ran, Tao; Brooks, Ray - International Monetary Fund (IMF) - 2003

that if annual GDP growth averages 7 percent and the employment elasticity is one-half, urban unemployment could double to …

Persistent link: https://www.econbiz.de/10005605174