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Danish for All? Balancing Flexibility with Security; The Flexicurity Model

Zhou, Jian-Ping - International Monetary Fund (IMF) - 2007

The Danish flexicurity model has attracted attention among policymakers in Europe, because it suggests that a flexible labor market can coexist with a generous welfare system to achieve low unemployment. Using a panel of 19 countries over 1960-2002, the paper identifies the elements of the...

Persistent link: https://www.econbiz.de/10005825613

Banks and Labor As Stakeholders; Impacton Economic Performance

Ueda, Kenichi; Claessens, Stijn - International Monetary Fund (IMF) - 2008

affected by bank branch deregulation and employment protection occurring over 1972-1993. We find that financial liberalization …, employment protection promotes those industries that are more knowledge intensive, while the effect of financial liberalization … an efficiency channel, better reallocating resources across sectors, while employment protection creates higher …

Persistent link: https://www.econbiz.de/10005825652

Reforming Employment Protection Legislation in France

Zhou, Jian-Ping - International Monetary Fund (IMF) - 2006

Over the last 15 years, the reforms of employment protection legislation (EPL) in European countries have mainly eased … hiring and firing restrictions for temporary employment while leaving the strict EPL provisions for regular or permanent …

Persistent link: https://www.econbiz.de/10005825839

Estimating Potential Output and the Output Gap in Slovakia

Konuki, Tetsuya - International Monetary Fund (IMF) - 2008

This paper estimates potential output and the output gap for Slovakia which enjoyed rapid growth with few signs of economic overheating in recent years. It applies two broad sets of approaches: conventional methods, represented by a statistical method and a production function approach; and a...

Persistent link: https://www.econbiz.de/10005826202

Work Absence in Europe

Bonato, Leo; Lusinyan, Lusine - International Monetary Fund (IMF) - 2004

Work absence is an important part of the individual decision on actual working hours. This paper focuses on sickness absence in Europe and develops a stylized model where absence is part of the labor-leisure decision made by workers and the production decision made by profit-maximizing firms,...

Persistent link: https://www.econbiz.de/10005826222

The Italian Labor Market; Recent Trends, Institutions, and Reform Options

Schindler, Martin - International Monetary Fund (IMF) - 2009

's employment and productivity outcomes continue to lag behind those of its European peers. This paper reviews Italy's institutional …

Persistent link: https://www.econbiz.de/10005826596

Dissecting Saving Dynamics; Measuring Wealth, Precautionary, and Credit Effects

Carroll, Christopher; Sommer, Martin; Slacalek, Jiri - International Monetary Fund (IMF) - 2012

We argue that the U.S. personal saving rateâ€™s long stability (from the 1960s through the early 1980s), subsequent steady decline (1980s - 2007), and recent substantial increase (2008 - 2011) can all be interpreted using a parsimonious â€˜buffer stockâ€™ model of optimal...

Persistent link: https://www.econbiz.de/10011242291

Institutions, Informality, and Wage Flexibility; Evidence From Brazil

Filho, Irineu E. Carvalho; Estevão, Marcello M. - International Monetary Fund (IMF) - 2012

Even though institutions are created to protect workers, they may interfere with labor market functioning, raise unemployment, and end up being circumvented by informal contracts. This paper uses Brazilian microeconomic data to show that the institutional changes introduced by the 1988...

Persistent link: https://www.econbiz.de/10011242295

Kingdom of Netherlands; Netherlands: Selected Issues and Analytical Notes

International Monetary Fund (IMF); International … - 2011

Important issues of the Netherlands are discussed. Openness to trade has benefited the Netherlands before the crisis and has supported the recent recovery process. However, both financial openness and trade linkages have also been a transmission channel for the financial crisis. Synchronized...

Persistent link: https://www.econbiz.de/10011243183

Philippines; Selected Issues Paper

International Monetary Fund (IMF); International … - 2011

This paper estimates potential growth in the Philippines using different methodologies, and discusses growth prospects for the medium term. Several approaches can be used to estimate potential growth. It also describes a forecasting and monetary policy analysis system (FPAS) model. Using the...

Persistent link: https://www.econbiz.de/10011243322