Author (Corporate) | European Commission: DG Economic and Financial Affairs |
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Series Title | European Economy: Economic Papers |
Series Details | No.522, July 2014 |
Publication Date | July 2014 |
ISBN | 978-92-79-35171-6 |
ISSN | 1725-3187 |
EC | KC-AI-14-522-EN-N |
Content Type | Journal | Series | Blog, Report |
Abstract: The 2008 crisis triggered increased policy activity in most policy domains in a large number of EU countries, in particular in domains with macro-structural relevance (employment protection legislation, unemployment benefits, wage setting). Reforms tend to be more frequently carried out in countries characterised by disappointing labour market outcomes and a high initial level of regulation or fiscal burden on labour. Econometric evidence on the effects of selected reforms on aggregate labour market outcomes is broadly supportive of common priors: tax and benefit reforms tend to be followed, after a time lag, by improved activity rates and lower unemployment. |
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Source Link | Link to Main Source http://dx.publications.europa.eu/10.2765/70268 |
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Countries / Regions | Europe |