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Policy Complementarities The Case for Fundamental Labor Market Reform

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 cou...

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Bibliographic Details
Main Author: Snower, Dennis
Other Authors: Coe, David
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1996
Series:IMF Working Papers
Subjects:
Unemployment Insurance
Labour; Income Economics
Public Finance & Taxation
Wages, Compensation, And Labor Costs: General
Unemployment: Models, Duration, Incidence, And Job Search
Labor Markets
Aggregate Labor Productivity
Unemployment
Demand And Supply Of Labor: General
Aggregate Human Capital
Labor
Expenditure
Severance Pay
Plant Closings
Labor Market
Unemployment Benefits
Wages
Unemployment Rate
Intergenerational Income Distribution
Public Finance
Employment
United States
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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
Physical Description:40 pages
ISBN:9781451951257

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