Crises, Labor Market Policy, and Unemployment

Crises, Labor Market Policy, and Unemployment
Author: Mr.Lorenzo E. Bernal-Verdugo
Publisher: International Monetary Fund
Total Pages: 29
Release: 2012-03-01
Genre: Business & Economics
ISBN: 146393842X

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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.


Crises, Labor Market Policy, and Unemployment
Language: en
Pages: 29
Authors: Mr.Lorenzo E. Bernal-Verdugo
Categories: Business & Economics
Type: BOOK - Published: 2012-03-01 - Publisher: International Monetary Fund

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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,
East Asian Labor Markets and the Economic Crisis
Language: en
Pages: 516
Authors: Gordon Betcherman
Categories: Political Science
Type: BOOK - Published: 2001 - Publisher: World Bank Publications

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This book looks at the impacts of the Asian economic crisis on the labor market, examining how various countries respondedIt identifies the labour policy reform
Working through the Crisis
Language: en
Pages: 241
Authors: Arup Banerji
Categories: Business & Economics
Type: BOOK - Published: 2013-12-18 - Publisher: World Bank Publications

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This book reviews the experience of workers in developing countries during the global financial crisis of 2009, asseses the recovery, and provides new evidence
Labor Market Policies and IMF Advice in Advanced Economies during the Great Recession
Language: en
Pages: 30
Authors: Mr.Olivier J Blanchard
Categories: Business & Economics
Type: BOOK - Published: 2013-03-29 - Publisher: International Monetary Fund

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This paper does two things. First, it articulates what are the main implications of theoretical and empirical research for design of labor market policies and l
Cross-Cutting Themes in Employment Experiences During the Crisis
Language: en
Pages: 47
Authors: International Monetary Fund. Strategy, Policy, & Review Department
Categories: Business & Economics
Type: BOOK - Published: 2010-08-10 - Publisher: International Monetary Fund

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The human cost of the recent global crisis is reflected in its impact on the labor market. Explaining why economies with similar downturns had very different em