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Unemployment and Structural Unemployment in the Baltics

While the unemployment rate in the Baltics has fallen sharply from its crisis-peaks, it remains close to double digits. This paper estimates the structural component of the jobless rate in the three Baltic countries and analyzes its causes. Our main findings are that the current still elevated level...

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Bibliographic Details
Main Author: Ebeke, Christian
Other Authors: Everaert, Greetje
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2014
Series:IMF Working Papers
Subjects:
Vacancies
Labor Markets
Unemployment Rate
Income Tax
Labor Market
Labor Turnover
Demand And Supply Of Labor: General
Labour
Unemployment
Mobility, Unemployment, And Vacancies: Public Policy
Personal Income And Other Nonbusiness Taxes And Subsidies
Unemployment: Models, Duration, Incidence, And Job Search
Income Economics
Taxes
Layoffs
Taxation
Labor Taxes
Welfare & Benefit Systems
Structural Unemployment
Labor
Lithuania, Republic Of
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:While the unemployment rate in the Baltics has fallen sharply from its crisis-peaks, it remains close to double digits. This paper estimates the structural component of the jobless rate in the three Baltic countries and analyzes its causes. Our main findings are that the current still elevated levels of unemployment mostly reflect structural factors. We then turn to why structural unemployment is so high. This paper points to skill mismatches, high tax wedges, and unemployment and inactivity traps as potential causes
Physical Description:25 pages
ISBN:9781498317207

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