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Crises, labor market policy, and unemployment /
Using a sample of 97 countries spanning the period 1980-2008, we estimate that financial crises have a large negative impact on unemployment in the short term, but that this effect rapidly disappears in the medium term in countries with flexible labor market institutions, whereas the impact of finan...
| Clasificación: | Libro Electrónico |
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| Autores principales: | , , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
©2012.
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| Colección: | IMF working paper ;
WP/12/65. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | Using a sample of 97 countries spanning the period 1980-2008, we estimate that financial crises have a large negative impact on unemployment in the short term, but that this effect rapidly disappears in the medium term in countries with flexible labor market institutions, whereas the impact of financial crises is less pronounced but more persistent in countries with more rigid labor market institutions. These effects are even larger for youth unemployment in the short term and long-term unemployment in the medium term. Conversely, large upfront, or gradual but significant, comprehensive labor market policies have a positive impact on unemployment, albeit only in the medium term. |
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| Notas: | At head of title: Middle East and Central Asia Department. "March 2012." Available in PDF, ePUB, and Mobi formats on the Internet. |
| Descripción Física: | 1 online resource (28 pages) : color charts |
| Bibliografía: | Includes bibliographical references. |
| ISBN: | 146394893X 9781463948931 1463948921 9781463948924 1463948948 9781463948948 146393842X 9781463938420 |