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Conventional wisdom holds that voters punish governments that implement fiscal austerity. Yet, most empirical studies, which rely on ex-post yearly austerity measures, do not find supportive evidence. This paper revisits the issue using action-based, real-time, ex-ante measures of fiscal...
Persistent link: https://www.econbiz.de/10012613677
The aim of this paper is to provide new estimates of employment-output elasticities and assess the effect of structural … and macroeocnomic policies on the employment-intensity of growth. Using an unbalanced panel of 167 countries over the … reducing government size have a significant and positive impact on employment elasticities. In addition, the results also …
Persistent link: https://www.econbiz.de/10009621620
This paper explores the short-term employment effect of deregulating job protection for regular workers and how it … the responses of sectoral employment to large job protection deregulation shocks depend crucially on the state of the …
Persistent link: https://www.econbiz.de/10011763890
Persistent link: https://www.econbiz.de/10010441734
While the Korean unemployment rates are currently among the lowest in OECD countries, the labor market duality and the … employment and reducing duality are likely to be considerable in the medium term …
Persistent link: https://www.econbiz.de/10014411461
Persistent link: https://www.econbiz.de/10011281181
term, crowds in private investment, and reduces unemployment. Several factors shape the macroeconomic effects of public …
Persistent link: https://www.econbiz.de/10014412096
impact on unemployment in the short term, but that this effect rapidly disappears in the medium term in countries with … with more rigid labor market institutions. These effects are even larger for youth unemployment in the short term and long …-term unemployment in the medium term. Conversely, large upfront, or gradual but significant, comprehensive labor …
Persistent link: https://www.econbiz.de/10009572447
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Persistent link: https://www.econbiz.de/10009615330