Lessons From Successful Labor Market Reformers In Europe

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Lessons from Successful Labor Market Reformers in Europe

Mr.Anthony Annett
Lessons from Successful Labor Market Reformers in Europe Book PDF

Author : Mr.Anthony Annett
Publisher : International Monetary Fund
Page : 25 pages
File Size : 41,6 Mb
Release : 2007-05-01
Category : Business & Economics
ISBN : 9781451975352

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Lessons from Successful Labor Market Reformers in Europe by Mr.Anthony Annett Pdf

Welfare states can be reformed successfully, and popular support for reforms can be maintained. But this requires an internally consistent package of labor market, fiscal, and product market reforms, including some kind of buy-in, through, for example, tax cuts. Empirical analysis combined with a select number of case studies-comprising Ireland, Denmark, the Netherlands, and the United Kingdom-reveals that successful reformers focused on increasing labor supply through benefit reform, lowering tax wedges, and lowering government consumption. At the same time, greater labor supply translated into employment growth more effectively in the presence of liberal labor and product markets.

Europe Reforms Labour Markets

Aart De Geus,Eric Thode,Christiane Weidenfeld
Europe Reforms Labour Markets Book PDF

Author : Aart De Geus,Eric Thode,Christiane Weidenfeld
Publisher : Walter de Gruyter GmbH & Co KG
Page : 398 pages
File Size : 48,7 Mb
Release : 2016-03-07
Category : Law
ISBN : 9783110365108

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Europe Reforms Labour Markets by Aart De Geus,Eric Thode,Christiane Weidenfeld Pdf

Focusing on the perspectives of policy-makers, the book's purpose is to closely examine the factors that make for successful/unsuccessful labor market related policy reforms. The aim is to reveal the political aspects, namely the chances, challenges and impediments to designing labor market reforms and to establish the conditions under which successful labor market reforms can be advocated, adopted and implemented (process). The work includes exclusive interviews with twelve former European prime ministers about the labour market reforms they initiated in their respective countries: Wolfgang Schüssel Anders Fogh Rasmussen Andrus Ansip François Fillon Gerhard Schröder Georgios Papandreou Mario Monti Jan Peter Balkenende Jerzy Buzek Iveta Radicová Luis Rodríguez Zapatero Tony Blair

Reforming Labor and Product Markets

Tito Boeri
Reforming Labor and Product Markets Book PDF

Author : Tito Boeri
Publisher : International Monetary Fund
Page : 40 pages
File Size : 41,5 Mb
Release : 2005-05
Category : Business & Economics
ISBN : UCSD:31822030952360

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Reforming Labor and Product Markets by Tito Boeri Pdf

This paper evaluates European structural reforms over the last 20 years, in light of economic theory predictions about interactions between labor and product market reforms. Reforms in labor markets occur at higher frequencies than in product market, which are, however, more coherent. These asymmetries can be explained by the nature of political obstacles to reforms in the two domains. Labor market reforms can exploit institutional trade-offs; notably, reforms can trade labor market flexibility with state-provided unemployment insurance and can be applied only to new entrants in the market without affecting the set of regulations applied to existing workers. These two-tier strategies are infeasible in product markets, since incumbent firms can easily drive away new entrants. In product markets, however, it is possible to shift responsibilities to supranational authorities, resisting pressures of national lobbies.

The Italian Labor Market

Mr.Martin Schindler
The Italian Labor Market Book PDF

Author : Mr.Martin Schindler
Publisher : International Monetary Fund
Page : 24 pages
File Size : 48,9 Mb
Release : 2009-03-01
Category : Business & Economics
ISBN : 9781451871951

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The Italian Labor Market by Mr.Martin Schindler Pdf

Despite improvements in labor market performance over the past decade, owing in part to past reforms, Italy's employment and productivity outcomes continue to lag behind those of its European peers. This paper reviews Italy's institutional landscape and labor market trends from a cross-country perspective, and discusses possible avenues for further reform. The policy discussion draws on international reform experience and on simulations based on a calibrated labor market matching model. A key lesson is that the details of reform design, and the sequencing of reforms, matter greatly for labor market outcomes and for the fiscal costs associated with these reforms.

Work in Progress

Aart De Geus,Eric Thode
Work in Progress Book PDF

Author : Aart De Geus,Eric Thode
Publisher : Walter de Gruyter
Page : 330 pages
File Size : 55,6 Mb
Release : 2015-12
Category : Europe
ISBN : 3110365111

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Work in Progress by Aart De Geus,Eric Thode Pdf

Focusing on the perspectives of policy-makers, the book's purpose is to closely examine the factors that make for successful/unsuccessful labor market related policy reforms. The aim is to reveal the political aspects, namely the chances, challenges and impediments to designing labor market reforms and to establish the conditions under which successful labor market reforms can be advocated, adopted and implemented (process).

Policy Complementarities

Mr.David T. Coe,Mr.Dennis J. Snower
Policy Complementarities Book PDF

Author : Mr.David T. Coe,Mr.Dennis J. Snower
Publisher : International Monetary Fund
Page : 40 pages
File Size : 47,8 Mb
Release : 1996-08-01
Category : Business & Economics
ISBN : 9781451951257

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Policy Complementarities by Mr.David T. Coe,Mr.Dennis J. Snower Pdf

This paper argues that an important group of labor market policies are complementary in the sense that the effect of each policy is greater when implemented in conjunction with the other policies than in isolation. This may explain why the diverse, piecemeal labor market reforms in many European countries in recent years have had so little success in reducing unemployment. What is required instead is deeper labor market reforms across a broader range of complementary policies and institutions. To be politically feasible, these reforms must be combined with measures to address distributional issues.

The Spanish Labor Market in a Cross-Country Perspective

Ms.Florence Jaumotte
The Spanish Labor Market in a Cross Country Perspective Book PDF

Author : Ms.Florence Jaumotte
Publisher : International Monetary Fund
Page : 53 pages
File Size : 42,6 Mb
Release : 2011-01-01
Category : Business & Economics
ISBN : 9781455211890

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The Spanish Labor Market in a Cross-Country Perspective by Ms.Florence Jaumotte Pdf

The Spanish labor market is not working: the unemployment rate is structurally very high; wages are not very responsive to labor market conditions, causing a high cyclicality of unemployment; and the labor market is highly dual. Compared with the EU15, Spanish labor market institutions and policies stand out by the structure of its collective bargaining, which occurs mostly at an intermediate level, and by very high severance payments for permanent workers. Based on a quantitative analysis, the paper shows that moving away from the intermediate level of bargaining would go a long way toward bringing the unemployment rate closer to the EU15 average. The key reform needed to reduce the share of temporary workers is reducing employment protection of permanent workers. Substantially reforming the collective bargaining system and reducing the protection of permanent workers are likely to be highly complementary to secure a substantial reduction in the unemployment rate. The recent 2010 labor market reform attempts to address these issues, although its effects are still to materialize.

Structural Reforms

Jakob de Haan,Jante Parlevliet
Structural Reforms Book PDF

Author : Jakob de Haan,Jante Parlevliet
Publisher : Springer
Page : 284 pages
File Size : 48,5 Mb
Release : 2018-03-22
Category : Political Science
ISBN : 9783319744001

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Structural Reforms by Jakob de Haan,Jante Parlevliet Pdf

This book presents a selection of contributions on the timely topic of structural reforms in Western economies, written by experts from central banks, the International Monetary Fund, and leading universities. It includes latest research on the impacts of structural reforms on the market economy, especially on the labor market, and investigates the results of collective bargaining in theory and practice. The book also comprises case studies of structural reforms. A literature survey on the topic serves as a valuable source for further research. The book is written by and targeted at both academics and policy makers.

Fostering Growth in Europe Now

Ms.Bergljot Barkbu,Jesmin Rahman,Mr.Rodrigo O. Valdes
Fostering Growth in Europe Now Book PDF

Author : Ms.Bergljot Barkbu,Jesmin Rahman,Mr.Rodrigo O. Valdes
Publisher : International Monetary Fund
Page : 43 pages
File Size : 44,9 Mb
Release : 2012-06-18
Category : Business & Economics
ISBN : 9781475504644

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Fostering Growth in Europe Now by Ms.Bergljot Barkbu,Jesmin Rahman,Mr.Rodrigo O. Valdes Pdf

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.

After the Crisis

Francesco Caselli,Mário Centeno,José Tavares
After the Crisis Book PDF

Author : Francesco Caselli,Mário Centeno,José Tavares
Publisher : Oxford University Press
Page : 224 pages
File Size : 41,7 Mb
Release : 2016-06-30
Category : Business & Economics
ISBN : 9780191069840

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After the Crisis by Francesco Caselli,Mário Centeno,José Tavares Pdf

After the Crisis reassesses the twin projects of structural reform and European integration in the wake of the Great Recession and the European Sovereign Debt Crisis. The introduction compares the pre-crises debate to the current situation, and highlights a number of ways in which both reform and further integration may have become more difficult. Chapter 1 surveys the state of the structural-reform agenda, its successes, failures, and priorities for further action. The second chapter focuses on the fiscal-policy response to the crisis and advocates a greater balance between supply-side reforms and demand-side management. The third chapter focuses on the asymmetric shocks across economies in the monetary union, and discusses institutional mechanisms to reduce their frequency and impact. Chapter 4 examines the cyclical behavior of output and financial indicators, as well as the counter-cyclical role of macro-financial policies, both at the national and the European level. The fifth chapter studies changes in Europeans' attitudes, showing how the recent crises have eroded public confidence in European institutions. The sixth chapter tackles the demographic challenges facing Europe, and particularly the way that demographic change may impact the reform agenda. Chapter 7 highlights the under-appreciated extent to which 'Europe', taken as a whole, is characterized by a substantial amount of inequality and geographical income clustering, and the challenge this poses for further integration.

Italy

International Monetary Fund
Italy Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 93 pages
File Size : 44,6 Mb
Release : 2009-02-06
Category : Business & Economics
ISBN : 9781451820027

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Italy by International Monetary Fund Pdf

Italy’s 2008 Article IV Consultation describes the country's economic developments and policies. Output has been projected to contract by about 1⁄2 percent in 2008 and 1 percent in 2009, with risks tilted to the downside, linked to a further slowing of global growth and falling consumer confidence. The economy’s ability to rebound quickly is hampered by rigidities in the product and labor markets, a lack of domestic competition, a likely slower pace of industrial restructuring, and weakness of the public finances.

South Africa

International Monetary Fund. African Dept.
South Africa Book PDF

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 99 pages
File Size : 51,7 Mb
Release : 2013-10-01
Category : Business & Economics
ISBN : 9781484378670

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South Africa by International Monetary Fund. African Dept. Pdf

This 2013 Article IV Consultation highlights that South Africa’s economy has underperformed other emerging markets and commodity exporters, exacerbating South Africa’s already-high levels of unemployment (25 percent) and inequality, and contributing to rising social tensions. At the same time, weak trading partner growth, coupled with declining competitiveness and countercyclical fiscal policy, have led to rising fiscal and current account deficits and made South Africa vulnerable to a prolonged reversal of capital inflows. The outlook is for continued sluggish growth and elevated current account deficits. Growth is projected at 2 percent in 2013 as weak consumption growth and lackluster private investment offset robust public investment and higher export growth.

World Economic Outlook, April 2007

International Monetary Fund. Research Dept.
World Economic Outlook April 2007 Book PDF

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 323 pages
File Size : 52,9 Mb
Release : 2006-09-19
Category : Business & Economics
ISBN : 9781589066267

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World Economic Outlook, April 2007 by International Monetary Fund. Research Dept. Pdf

The IMF’s World Economic Outlook is packed with country specific facts, figures, and worldwide projections that present the outlook for growth, inflation, trade, and other economic developments in a clear, practical format. Leading international economists pull together the latest data on key topics, producing informed projections and policy analyses that show where the global economy is headed in the years to come. Business executives, policymakers, bankers, investors, marketing strategists, and economists worldwide refer to the WEO with confidence because it delivers a balanced view of the current economic situation, built upon the respected and extensive macroeconomic expertise and statistical resources of the IMF. The WEO is the product of a unique international exercise in information gathering and analysis performed by over 1,000 economists on the IMF staff. An annual subscription to the World Economic Outlook, published at least twice a year in English, French, Spanish, and Arabic, offers a comprehensive assessment of the international economic situation as well as prospects for the future. With its analyses backed by the expertise and unparalleled resources of the IMF, the World Economic Outlook is the authoritative reference in its field. Today, when even small economic fluctuations can trigger major financial swings, the WEO supplies a solid source of actionable information and data.

Portugal

International Monetary Fund. European Dept.
Portugal Book PDF

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
Page : 103 pages
File Size : 44,8 Mb
Release : 2013-01-18
Category : Business & Economics
ISBN : 9781475589498

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Portugal by International Monetary Fund. European Dept. Pdf

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.

Continuity, Change and Crisis in Contemporary Ireland

Brian Girvin,Gary Murphy
Continuity Change and Crisis in Contemporary Ireland Book PDF

Author : Brian Girvin,Gary Murphy
Publisher : Routledge
Page : 211 pages
File Size : 48,5 Mb
Release : 2013-10-18
Category : Political Science
ISBN : 9781317966135

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Continuity, Change and Crisis in Contemporary Ireland by Brian Girvin,Gary Murphy Pdf

The focus of this book is to analyse from a number of perspectives the politics of change in Ireland north and south since 1969. The emergence of the troubles in Northern Ireland, the final push to gain entry to the EEC, changing social mores and severe economic difficulties all begin to appear on the horizon at this stage. While considerable change and, indeed, moments of extreme crisis, have taken place in areas such as Northern Ireland, the economy, moral politics, and Ireland’s attitude towards the European Union, continuity has also been a significant hallmark of Irish politics since 1969. This volume offers important perspectives and opens up new debates in explaining the phenomena of continuity, change and crisis in contemporary Ireland. New evidence on the origins of the troubles in Northern Ireland, the Arms Crisis, Ireland’s relationship with Europe, the process of social partnership, and the politics of morality all offer important fresh insights into how contemporary Ireland has functioned. Featuring a number of high profile scholars and uniquely dealing with both Northern Ireland and the Republic of Ireland, this volume argues that the intriguing feature of recent Irish history is not the absence of change but the extent to which change has been mediated by the existing political cultures, national traditions and long-standing institutions of both north and south. This book was based on a special issue of Irish Political Studies.