Luxembourg: Selected Issues and Statistical Appendix

International Monetary Fund

No 2000/067, IMF Staff Country Reports from International Monetary Fund

Abstract: Luxembourg's impressive growth performance has been accompanied by regional specialization of production, high labor mobility, export-propelled growth, and the dominance of regional growth fluctuations. Luxembourg's public pension system faces the challenges of population aging and Luxembourg's small, open, and highly specialized economy. Luxembourg's labor market performance holds a seeming paradox, favorable labor market outcomes are coupled with rigid labor market institutions. The supervision of cross-border financial activities raises the difficult challenge of obtaining a complete, consolidated view of the operations of international banking institutions.

Keywords: ISCR; CR; Luxemburg; wage; bank; labor market; aggregate wage moderation; Luxembourg legislation; dependency ratio; growth differential; growth cycle; reservation wage; contributor coverage ratio; Pension spending; Pensions; Labor market institutions; Aging; Employment; Europe; Global (search for similar items in EconPapers)
Pages: 60
Date: 2000-05-22
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