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Recoveries after pandemics : the role of policies and structural features

Cuesta Aguirre, Juan Pablo; Ahmed Hannan, Swarnali - 2021

detrimental medium-term effects on output, unemployment, poverty, and inequality. However, policies can go a long way toward … relatively greater fiscal support. The increases in unemployment, poverty, and inequality are likewise lower for countries with …

Persistent link: https://www.econbiz.de/10012605652

Inequality in the Spanish labor market during the COVID-19 crisis

Lariau, Ana; Liu, Lucy Qian - 2022

We analyze the differential impact of the COVID-19 crisis on the Spanish labor market across population groups, as well as its implications for income inequality. The main finding is that young, less educated, and low skilled workers, as well as women are the most affected by the COVID-19 shock...

Persistent link: https://www.econbiz.de/10013170558

Tax Reform in Economies in Transition : A Brief Introduction to the Main Issues

Tanzi, Vito - 1991

The transition from a command to a market economy requires profound reforms of the tax system. Such a transition will put downward pressures on the level of taxation at a time when public expenditure remains high. This paper outlines the main characteristics of the tax systems in...

Persistent link: https://www.econbiz.de/10014396003

Budgetary Subsidies in Centrally Planned Economies in Transition

Holzmann, Robert - 1991

This paper analyzes budgetary subsidy policy issues that arise when centrally planned economies move toward a market economy. The analysis suggests that subsidy reduction, to be successful, has to be embedded into an overall economic reform program and that during the program’s execution,...

Persistent link: https://www.econbiz.de/10014396451

Intangible investment and low inflation : a framework and some evidence

Lall, Subir; Zeng, Li - 2020

Intangible investment is growing as a share of economic activity. We present a simple framework incorporating its distinguishing characteristic of generally greater scalability and lower marginal costs than tangible investment. We show evidence that this may have contributed to more elastic...

Persistent link: https://www.econbiz.de/10012302067

Explaining high unemployment in ECCU countries

James, Ronald; Lafeuillee, Jemma; Li, Xin; Salinas, Gonzalo - 2019

In recent years, unemployment rates in some ECCU countries have been among the highest globally. This paper evaluates … significantly associated with high structural unemployment, while the global crisis added a cyclical component. Our analysis also … unemployment is related to the phase out of EU preferences on bananas/sugar exports or to a skills mismatch. As expected …

Persistent link: https://www.econbiz.de/10012102104

The macroeconomic effects of labor and product market reforms in Morocco

Sarr, Babacar; Benlamine, Mokhtar; Munkacsi, Zsuzsa - 2019

unemployment by about 2.2 pp after five years. If sequencing is required, starting with PMRs would be more effective in boosting … output, while starting with LMRs would reduce unemployment faster. Finally, increasing unemployment benefits would be more …

Persistent link: https://www.econbiz.de/10012122485

Labor market reform options to boost employment in South Africa

Duval, Romain; Ji, Yi; Shibata, Ippei - 2021

Raising South Africa's low employment rate to levels seen in emerging market or advanced economy peers could raise GDP per capita by 50 to 60 percent and reduce income inequality dramatically in the long term. By putting further strain on an already fragile labor market, Covid-19 has raised the...

Persistent link: https://www.econbiz.de/10012612327

Okun's Law, development, and demographics : differences in the cyclical sensitivities of unemployment across economy and worker groups

An, Zidong; Bluedorn, John Christopher; Ciminelli, Gabriele - 2021

The negative and stable relationship between an economy's aggregate demand conditions and overall unemployment is well …-documented. We show that there is a large degree of heterogeneity in the cyclical sensitivities of unemployment across worker and … economy groups. First, unemployment is more than twice as sensitive to aggregate demand in advanced as in emerging market and …

Persistent link: https://www.econbiz.de/10012796190

Tax policy and inclusive growth

Abdel-Kader, Khaled; Mooij, Ruud A. de - 2020

This paper discusses the theory and practice of tax design to achieve an efficient and equitable outcome, id est in support of inclusive growth. It starts with a discussion of the key principles from tax theory to guide practical tax design. Then, it elaborates on more granular tax policy,...

Persistent link: https://www.econbiz.de/10012485968