Lamo, Ana; Moral-Benito, Enrique; Pérez, Javier J. - 2016
We empirically analyze the impact of public employment and wages' shocks on private labor market outcomes by studying … public employment crowds-out private employment, and (ii) the degree and extent of public wage influence on the private … consolidation is implemented at times of economic distress, the contractionary effects of public employment cuts appear more …