دانلود مقاله ISI انگلیسی شماره 102262
کد مقاله سال انتشار مقاله انگلیسی ترجمه فارسی تعداد کلمات
102262 2018 12 صفحه PDF سفارش دهید 9717 کلمه
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عنوان انگلیسی
Structural labour market reforms in the EU-15: Single-country vs. coordinated counterfactuals
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Structural Change and Economic Dynamics, Volume 44, March 2018, Pages 88-99

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چکیده انگلیسی

Recent turbulent times have spurred a response by policy-makers to engage in a number of labour market reforms to enhance economic resilience and flexibility. Amid discussions about the most efficient ways to conduct such reforms, whether individually or simultaneously, we still lack evidence on the cross-country interactions and international interdependencies that may strengthen or weaken economic responses within an economic union. This paper deals with three policy tools – unemployment benefits, activation policies and the tax wedge, and demonstrates that they dissipate across open economies. We document evidence of both positive and negative policy spillovers among European economies and carry out a counterfactual of coordinated policies which prove to be needed for some but not other policy variables. We find that coordination strengthens macroeconomic responses to labour market policies.

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