Can Institutional Reform Reduce Job Destruction And Unemployment Duration

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Can Institutional Reform Reduce Job Destruction And Unemployment Duration Yes It Can

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Author : Mrs.Esther Perez Ruiz
language : en
Publisher: International Monetary Fund
Release Date : 2012-02-01

Can Institutional Reform Reduce Job Destruction And Unemployment Duration Yes It Can written by Mrs.Esther Perez Ruiz and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-02-01 with Business & Economics categories.

We read search theory's unemployment equilibrium condition as an Iso-Unemployment Curve(IUC).The IUC is the locus of job destruction rates and expected unemployment durations rendering the same unemployment level. A country's position along the curve reveals its preferences over the destruction-duration mix, while its distance from the origin indicates the unemployment level at which such preferences are satisfied Using a panel of 20 OECD countries over 1985-2008, we find employment protection legislation to have opposing efects on destructions and durations, while the effects of the remaining key institutional factors on both variables tend to reinforce each other. Implementing the right reforms could reduce job destruction rates by about 0.05 to 0.25 percentage points and shorten unemployment spells by around 10 to 60 days. Consistent with this, unemployment rates would decline by between 0.75 and 5.5 percentage points, depending on a country's starting position.

Can Institutional Reform Reduce Job Destruction And Unemployment Duration Yes It Can

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Author : Mrs.Esther Perez Ruiz
language : en
Publisher: International Monetary Fund
Release Date : 2012-02-01

Can Institutional Reform Reduce Job Destruction And Unemployment Duration Yes It Can written by Mrs.Esther Perez Ruiz and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-02-01 with Business & Economics categories.

We read search theory's unemployment equilibrium condition as an Iso-Unemployment Curve(IUC).The IUC is the locus of job destruction rates and expected unemployment durations rendering the same unemployment level. A country's position along the curve reveals its preferences over the destruction-duration mix, while its distance from the origin indicates the unemployment level at which such preferences are satisfied Using a panel of 20 OECD countries over 1985-2008, we find employment protection legislation to have opposing efects on destructions and durations, while the effects of the remaining key institutional factors on both variables tend to reinforce each other. Implementing the right reforms could reduce job destruction rates by about 0.05 to 0.25 percentage points and shorten unemployment spells by around 10 to 60 days. Consistent with this, unemployment rates would decline by between 0.75 and 5.5 percentage points, depending on a country's starting position.

Can Institutional Reform Reduce Job Destruction And Unemployment Duration

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Author :
language : en
Publisher:
Release Date : 2012

Can Institutional Reform Reduce Job Destruction And Unemployment Duration written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.

Based on a panel of 20 OECD countries over the period of 1985 - 2008, explores how labour market policies affect the unemployment rate through its two defining factors, the duration of unemployment spells and job destructions rates. Suggests employment protection legislation to have opposing effects on destructions and durations, while the effects of the remaining key institutional factors on both variables tent to reinforce each other.

Labor Market Policies And Imf Advice In Advanced Economies During The Great Recession

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Author : Mr.Olivier J Blanchard
language : en
Publisher: International Monetary Fund
Release Date : 2013-03-29

Labor Market Policies And Imf Advice In Advanced Economies During The Great Recession written by Mr.Olivier J Blanchard and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-29 with Business & Economics categories.

This paper does two things. First, it articulates what are the main implications of theoretical and empirical research for design of labor market policies and labor market institutions. Second, in this light, the paper analyzes the IMF’s labor market recommendations since the beginning of the crisis, both in general, and more specifically in program countries

Fiscal Consolidation During Times Of High Unemployment

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Author : Mr.Ruy Lama
language : en
Publisher: International Monetary Fund
Release Date : 2015-12-10

Fiscal Consolidation During Times Of High Unemployment written by Mr.Ruy Lama and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-12-10 with Business & Economics categories.

This paper studies the Swedish fiscal consolidation episode of the 1990s through the lens of a small open economy model with distortionary taxation and unemployment. We argue that the simultaneous reduction in the fiscal deficit and unemployment rate in this episode stems from two factors: (i) high growth rates of total factor productivity (TFP), experienced after the implementation of structural reforms; and (ii) a sustained wage restraint that occurred during the 1990s. The model simulations show that economic growth, accounted for mostly by TFP gains, improved the fiscal balance by 8 percentage points of GDP through an expansion of the tax base and fiscal revenues. Moreover, the combination of stable wages and higher TFP boosted net exports and led to a reduction in the unemployment rate. A counterfactual simulation assuming stagnant TFP shows that fiscal consolidation measures alone would have generated a double-digit unemployment rate without eliminating the fiscal deficit.

Crisis Program Review

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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2015-09-11

Crisis Program Review written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-09-11 with Business & Economics categories.

This paper provides an updated review of Fund-supported programs undertaken during the global financial crisis. It follows a series of previous reviews during 2009–12 that assessed program design and outcomes during the surge in Fund supported programs since 2008. The review covers experience during 2008–15 for 32 arrangements financed from the Fund's general resources account (GRA). It covers 27 countries for which arrangements were approved during September 2008–June 2013, with two years or more of program performance.

Fostering Growth In Europe Now

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Author : Ms.Bergljot Barkbu
language : en
Publisher: International Monetary Fund
Release Date : 2012-06-18

Fostering Growth In Europe Now written by Ms.Bergljot Barkbu and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-06-18 with Business & Economics categories.

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience interested in economic policy issues. This Web-only series replaced Staff Position Notes in January 2011.

Portugal

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Author : International Monetary Fund. European Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2013-01-18

Portugal written by International Monetary Fund. European Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-01-18 with Business & Economics categories.

Portugal’s economy is in deep recession, and the crisis has opened up a large output gap, with severe consequences for employment and government revenue. While the focus is on the medium- and long-term, this analysis also offers insights on how deep the output gap is. It also highlights ways in which policies and reforms can promote growth over the longer haul and suggests that achieving a 2-percent growth rate over the long term—consistent with moderate convergence growth—is a realistic objective.

Handbook Of Labor Economics

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Author : Orley Ashenfelter
language : en
Publisher: Elsevier
Release Date : 2010-12-14

Handbook Of Labor Economics written by Orley Ashenfelter and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-12-14 with Business & Economics categories.

A guide to the continually evolving field of labour economics.

Oecd Employment Outlook 1999 June

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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 1999-06-17

Oecd Employment Outlook 1999 June written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-06-17 with categories.

Provides an annual assessment of labour market developments and prospects in the OECD area. This edition includes chapters on employment protection and labour market performance, trainin of adults workers, and new enterprise work practices. A Statistical Annex is provided.