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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
This study explores the effects of labor and product market deregulation on employment growth. Our empirical results … employment growth, including through sizable interaction effects. Based on these findings, the paper develops a theoretical …
Persistent link: https://www.econbiz.de/10005769319
should be broadened to include more explicitly the objective of raising employment rates to foster potential growth. The … market adjustment, and illustrates the benefits of a two-pronged strategy. The paper also examines employment effects of …
Persistent link: https://www.econbiz.de/10005591211
using macroeconomic data on employment, unemployment, participation, and (for Canada) migration and real wages. We find that …
Persistent link: https://www.econbiz.de/10005599750
-sector employment rates or unemployment rates on two measures of public-sector employment point to full crowding out. This means that …We quantify the extent to which public-sector employment crowds out private-sector employment using specially assembled … Middle East, North Africa, Caucasus and Central Asia. These countries simultaneously display high unemployment rates, low …
Persistent link: https://www.econbiz.de/10010790351
enough to raise employment rates, and lackluster real earnings along with still-rampant labor market informality suggest that …
Persistent link: https://www.econbiz.de/10011242228
This Selected Issues Paper focuses on structural reforms and fiscal devaluation in Italy. Italy’s economy has a number of important strengths. Despite these strengths, Italy’s economic performance has lagged behind its peers. The authorities’ reform plans are under way in...
Persistent link: https://www.econbiz.de/10011243765
increase growth and employment are studied. From a cross-country approach, this study finds a significant relationship between …
Persistent link: https://www.econbiz.de/10011244125
Wide-ranging structural reforms are underway in Italy, aimed at addressing key bottlenecks in the product and labor markets. Our analysis, based on the IMF‘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
study the effects of labor supply shocks on labor market outcomes. Using quarterly information on wages and employment in …, pushing the low skilled into unemployment. This latter hypothesis is confirmed by analyzing the effects of changes in labor … supply on unemployment. -- Immigration ; labor supply shocks ; border controls …
Persistent link: https://www.econbiz.de/10003974532