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作者 Furceri, Davide
書名 Crises, Labor Market Policy, and Unemployment
出版項 Washington : International Monetary Fund, 2012
©2012
國際標準書號 9781463948931 (electronic bk.)
9781463938420
book jacket
說明 1 online resource (31 pages)
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
系列 IMF Working Papers
IMF Working Papers
附註 Cover -- Contents -- I. Introduction -- II. Data and Descriptive Statistics -- III. The Impact of Financial Crises on Unemployment -- A. Methodology -- B. Results -- C. Robustness Tests -- IV. Labor Market Flexibility and the Response of Unemployment to Financial Crises -- V. Labor Market Policies and Unemployment Outcomes -- A. The Impact of Large-Scale Changes in Labor Market Institutions -- B. Endogeneity -- C. Gradual Changes in Labor Market Instituions -- VI. Conclusions -- References -- Annex-Data -- Figures -- 1. The Evolution of Unemployment Across the Regions -- 2. Increase in Unemployment Following a Crisis vs. Labor Market Flexibility -- 3. The Effect of Financial Crises on Unemployment Outcomes -- 4. The Effect of Financial Crises on Unemployment Outcomes: Robustness Check -- 5. The Role of Labor Market Flexibility in Shaping the Effect of Financial Crises on Unemployment -- 6. The Static Role of Hiring and Firing Regulation in Shaping the Effect of Financial Crises on Youth and Long-Term Unemployment -- 7. The Effects of Reforms on Unemployment-OLS -- 8. The Effects of Reforms vs. Crises on Unemployment-OLS -- 9. The Effects of Labor Market Policies on Unemployment-OLS -- 10. The Effects of Labor Market Policies on Unemployment-IV -- 11. The Effects of Gradual Labor Market Policies on Unemployment -- Tables -- 1. Summary Statistics for Labor Market Outcomes and Flexibility Indicators -- 2. Correlation Matrix of Labor Market Outcomes and Flexibility Indicators -- 3. Short- and Medium-Term Effects of Financial Crises on Unemployment: Flexible vs. Rigid Labor Markets -- 4. Medium-Term Effect of Labor Market Policies-OLS -- 5. Probability of Large-Scale Changes in Labor Market Institutions -- 6. Medium-Term Effect of Labor Market Policies-IV Robustness Checks -- 7. Medium-Term Effect of Labor Market Policies-Expected vs. Non-Expected
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
Description based on publisher supplied metadata and other sources
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2020. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries
鏈接 Print version: Furceri, Davide Crises, Labor Market Policy, and Unemployment Washington : International Monetary Fund,c2012 9781463938420
主題 Financial crises -- Econometric models.;Unemployment -- Econometric models.;Labor market -- Econometric models.;Manpower policy
Electronic books
Alt Author Bernal-Verdugo, Lorenzo E
Guillaume, Dominique M
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