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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
Work absence is an important part of the individual decision on actual working hours. This paper focuses on sickness absence in Europe and develops a stylized model where absence is part of the labor-leisure decision made by workers and the production decision made by profit-maximizing firms,...
Persistent link: https://www.econbiz.de/10005826222
relatively fast employment growth in the past decade. Employment growth was not sufficient to reduce unemployment because of …Unemployment has remained high in the Philippines, at almost twice the level of neighboring countries, despite … rapid population growth and increased labor force participation. This paper shows that Philippine employment growth and …
Persistent link: https://www.econbiz.de/10005826094
by reducing real wages below levels allowed by technological growth, changes in the unemployment rate, and institutional …Using panel data for 15 industrial countries, active labor market policies (ALMPs) are shown to have raised employment … variables. Among such policies, direct subsidies to job creation were the most effective. ALMPs also affected employment rates …
Persistent link: https://www.econbiz.de/10005604960
Using household level data for France from 1990 to 2000, we estimate a relationship between wages and unemployment … most likely because of a structural change in workers' behavior, i.e. "wage moderation". The outward shift was particularly … large between 1996 and 2000 and undoubtedly contributed strongly to the exceptional employment performance during that …
Persistent link: https://www.econbiz.de/10005768837
€”to improve employment rates in Finland. It summarizes recent labor market developments in Finland, and investigates respectively … the limitation of current unemployment and disability benefit schemes. The paper identifies possible strategies to … activate recipients, and focuses on strategies to boost youth employment rates. The paper also discusses the possibility of …
Persistent link: https://www.econbiz.de/10011244764
implications of, rising wage inequality in Hong Kong SAR. Section VII presents an overview of recent developments in the financial …
Persistent link: https://www.econbiz.de/10005590857
This paper develops a general equilibrium model with unemployment and noncooperative wage determination to analyze the … importance of incomplete markets when risk-averse agents are subject to idiosyncratic employment shocks. A version of the model … calibrated to the U.S. shows that market incompleteness affects individual behavior and aggregate conditions: it reduces wages …
Persistent link: https://www.econbiz.de/10008528693
The key findings of Republic of Armenia’s Second Poverty Reduction Strategy Paper are reviewed. Macroeconomic and fiscal framework has been completely revised, taking into account the 2007 outcomes, tendencies developed during 2008, and challenges, particularly the projected increase of...
Persistent link: https://www.econbiz.de/10011245722
-à-vis other countries can in part be explained by the quick implementation of an employment subsidy program, a more flexible wage …The Great Recession pushed Japan’s unemployment rate to historic highs, but the increase has been small by … the global financial crisis. Our findings suggest that: (i) employment responsiveness has been historically low but rising …
Persistent link: https://www.econbiz.de/10008839361