IMF Staff papers : Volume 44 No. 1.

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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Соавтор: International Monetary Fund. Research Dept
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 1997.
Серии:IMF Staff Papers; IMF Staff Papers ; No. 1997/001
Online-ссылка:Full text available on IMF
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a 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. 
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