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International Spillover of Labor Market Reforms

Dao, Mai - 2008

This paper uses a dynamic economy model, with unionized labor markets, to analyze the effects of labor market reforms, similar to those recently introduced in Germany, on the domestic and trading partner economies. The model is calibrated on Germany and the rest of the Euro area. The results...

Persistent link: https://www.econbiz.de/10012677588

Can Good Events Lead to Bad Outcomes? Endogenous Banking Crises and Fiscal Policy Responses.

Rochon, Céline - 2006

Persistent link: https://www.econbiz.de/10012691152

Danish for All? Balancing Flexibility with Security; The Flexicurity Model

Zhou, Jian-Ping - International Monetary Fund (IMF) - 2007

The Danish flexicurity model has attracted attention among policymakers in Europe, because it suggests that a flexible 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...

Persistent link: https://www.econbiz.de/10005825613

Regional Labor Market Disparities in Belgium

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

Regional labor market discrepancies have been widening in Belgium in the last two decades and are more evident within particular demographic groups. These developments can largely be accounted for by worse matching of people to jobs in the high-unemployment provinces. Using a structural VAR, it...

Persistent link: https://www.econbiz.de/10005826565

Assessing the Macroeconomic Impact of Structural Reforms The Case of Italy

Lusinyan, Lusine; Muir, Dirk - International Monetary Fund (IMF) - 2013

Wide-ranging structural reforms are underway in Italy, aimed at addressing key bottlenecks in the product and labor markets. Our analysis, based on the IMFâ€˜s Global Integrated Monetary and Fiscal model (GIMF), attempts to quantify the potential gains to the economy from a comprehensive...

Persistent link: https://www.econbiz.de/10011142132

Emerging Strains in GCC Labor Markets

Fasano-Filho, Ugo; Goyal, Rishi - International Monetary Fund (IMF) - 2004

Unemployment pressures among nationals are emerging in the Cooperation Council for the Arab States of the Gulf (GCC). 2 At a time when a rapidly growing number of young nationals are entering the labor force and governments are no longer able to act as employers of first and last resort, the...

Persistent link: https://www.econbiz.de/10005599572

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

Aging, Asset Allocation, and Costs; Evidence for the Pension Fund Industry in Switzerland

Weber, René; Gerber, David S. - International Monetary Fund (IMF) - 2007

This paper focuses on the nexus between pension funds' balance sheet liabilities, reflecting their age profile and … regulatory framework and the highly fragmented and heterogeneous pension fund landscape in Switzerland. Detailed data from the … Swiss Pension Statistic are analyzed using multivariate OLS-regressions. The evidence shows that a younger age structure and …

Persistent link: https://www.econbiz.de/10005825621

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

The Effects of Early Retirementon Youth Unemployment; The Case of Belgium

Pestieau, Pierre; Lefèbvre, Mathieu; Jousten, Alain; … - International Monetary Fund (IMF) - 2008

In this paper, we describe the changes of (early) retirement programs over time and study the link between trends in elderly labor force participation and youth unemployment. From a theoretical point of view, there is no convincing argument that the idea of a lump-of-labor should hold. Our...

Persistent link: https://www.econbiz.de/10005825708

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