Structural Unemployment In Luxembourg Bad Luck Or Rational Choice PDF Download
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| Author | : William Gbohoui |
| Publisher | : International Monetary Fund |
| Total Pages | : 42 |
| Release | : 2019-11-08 |
| Genre | : Business & Economics |
| ISBN | : 1513519999 |
Download Structural Unemployment in Luxembourg: Bad Luck or Rational Choice? Book in PDF, ePub and Kindle
This paper combines both micro and macro approaches to identify the drivers of (un)employment and inactivity in Luxembourg. The young, low-skilled, and non-EU migrants are found to be the most vulnerable groups in the labor market. In addition to skills mismatches, work disincentives embedded in the tax-benefit system constitute a factor explaining structural unemployment. High unemployment of young and low-skilled workers reflects substantial unemployment traps, while disincentives for second earners (respectively the generosity of the pension system) contribute to lower labor market participation of women (respectively seniors). Further reduction of structural unemployment requires better integration of vulnerable groups into the labor market and improved targeting of benefits to make work more rewarding.
| Author | : William Gbohoui |
| Publisher | : International Monetary Fund |
| Total Pages | : 42 |
| Release | : 2019-11-08 |
| Genre | : Business & Economics |
| ISBN | : 151351542X |
Download Structural Unemployment in Luxembourg: Bad Luck or Rational Choice? Book in PDF, ePub and Kindle
This paper combines both micro and macro approaches to identify the drivers of (un)employment and inactivity in Luxembourg. The young, low-skilled, and non-EU migrants are found to be the most vulnerable groups in the labor market. In addition to skills mismatches, work disincentives embedded in the tax-benefit system constitute a factor explaining structural unemployment. High unemployment of young and low-skilled workers reflects substantial unemployment traps, while disincentives for second earners (respectively the generosity of the pension system) contribute to lower labor market participation of women (respectively seniors). Further reduction of structural unemployment requires better integration of vulnerable groups into the labor market and improved targeting of benefits to make work more rewarding.
| Author | : OECD |
| Publisher | : OECD Publishing |
| Total Pages | : 155 |
| Release | : 2022-11-17 |
| Genre | : |
| ISBN | : 9264960848 |
Download OECD Economic Surveys: Luxembourg 2022 Book in PDF, ePub and Kindle
Luxembourg recovered quickly from the COVID-19 pandemic thanks to extensive policy support. However, the impact of the war in Ukraine is exacerbating inflationary pressures, alongside labour market shortages.
| Author | : Ms.Valerie Cerra |
| Publisher | : International Monetary Fund |
| Total Pages | : 50 |
| Release | : 2020-05-29 |
| Genre | : Business & Economics |
| ISBN | : 1513536990 |
Download Hysteresis and Business Cycles Book in PDF, ePub and Kindle
Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as “hysteresis,” argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and theoretical literature that motivate this paradigm shift. The renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery from the Covid-19 crisis. The findings of the recent literature have far-reaching conceptual and policy implications. In recessions, monetary and fiscal policies need to be more active to avoid the permanent scars of a downturn. And in good times, running a high-pressure economy could have permanent positive effects.
| Author | : Julio A. Santaella |
| Publisher | : International Monetary Fund |
| Total Pages | : 43 |
| Release | : 1995-01-01 |
| Genre | : Business & Economics |
| ISBN | : 1462364667 |
Download Unemployment in Ireland Book in PDF, ePub and Kindle
This paper examines the problem of unemployment in Ireland. A brief description of the main distinctive features of the structure of Irish unemployment is presented. Based on up to date literature, the possible causes behind unemployment are reviewed. Empirical studies that have quantified the contributions of different determinants to the increase in Irish unemployment are also surveyed. The paper concludes with some policy suggestions.
| Author | : Klaus-Peter Hellwig |
| Publisher | : International Monetary Fund |
| Total Pages | : 35 |
| Release | : 2021-03-12 |
| Genre | : Business & Economics |
| ISBN | : 1513572687 |
Download Supply and Demand Effects of Unemployment Insurance Benefit Extensions: Evidence from U.S. Counties Book in PDF, ePub and Kindle
I use three decades of county-level data to estimate the effects of federal unemployment benefit extensions on economic activity. To overcome the reverse causality coming from the fact that benefit extensions are a function of state unemployment rates, I only use the within-state variation in outcomes to identify treatment effects. Identification rests on a differences-in-differences approach which exploits heterogeneity in county exposure to policy changes. To distinguish demand and supply-side channels, I estimate the model separately for tradable and non-tradable sectors. Finally I use benefit extensions as an instrument to estimate local fiscal multipliers of unemployment benefit transfers. I find (i) that the overall impact of benefit extensions on activity is positive, pointing to strong demand effects; (ii) that, even in tradable sectors, there are no negative supply-side effects from work disincentives; and (iii) a fiscal multiplier estimate of 1.92, similar to estimates in the literature for other types of spending.
| Author | : International Monetary Fund |
| Publisher | : International Monetary Fund |
| Total Pages | : 257 |
| Release | : 2015-04-20 |
| Genre | : Business & Economics |
| ISBN | : 1498344658 |
Download Fiscal Policy and Long-Term Growth Book in PDF, ePub and Kindle
This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth and distills practical lessons for policymakers. The particular mix of policy measures, however, will depend on country-specific conditions, capacities, and preferences. The paper draws on the Fund’s extensive technical assistance on fiscal reforms as well as several analytical studies, including a novel approach for country studies, a statistical analysis of growth accelerations following fiscal reforms, and simulations of an endogenous growth model.
| Author | : OECD |
| Publisher | : OECD Publishing |
| Total Pages | : 228 |
| Release | : 2018-11-07 |
| Genre | : |
| ISBN | : 9264306943 |
Download The Future of Social Protection What Works for Non-standard Workers? Book in PDF, ePub and Kindle
Social protection systems are often still designed for the archetypical full-time dependent employee. Work patterns deviating from this model – be it self-employment or online "gig work" – can lead to gaps in social protection coverage. Globalisation and digitalisation are likely to exacerbate ...
| Author | : World Bank |
| Publisher | : World Bank Publications |
| Total Pages | : 148 |
| Release | : 2018-10-31 |
| Genre | : Business & Economics |
| ISBN | : 1464813566 |
Download World Development Report 2019 Book in PDF, ePub and Kindle
Work is constantly reshaped by technological progress. New ways of production are adopted, markets expand, and societies evolve. But some changes provoke more attention than others, in part due to the vast uncertainty involved in making predictions about the future. The 2019 World Development Report will study how the nature of work is changing as a result of advances in technology today. Technological progress disrupts existing systems. A new social contract is needed to smooth the transition and guard against rising inequality. Significant investments in human capital throughout a person’s lifecycle are vital to this effort. If workers are to stay competitive against machines they need to train or retool existing skills. A social protection system that includes a minimum basic level of protection for workers and citizens can complement new forms of employment. Improved private sector policies to encourage startup activity and competition can help countries compete in the digital age. Governments also need to ensure that firms pay their fair share of taxes, in part to fund this new social contract. The 2019 World Development Report presents an analysis of these issues based upon the available evidence.
| Author | : |
| Publisher | : |
| Total Pages | : 116 |
| Release | : 1970-06 |
| Genre | : |
| ISBN | : |
Download Bulletin of the Atomic Scientists Book in PDF, ePub and Kindle
The Bulletin of the Atomic Scientists is the premier public resource on scientific and technological developments that impact global security. Founded by Manhattan Project Scientists, the Bulletin's iconic "Doomsday Clock" stimulates solutions for a safer world.
