Modelling unemployment in the presence of excess labour supply
Marga Peeters ()
Journal of Economics and Econometrics, 2011, vol. 54, issue 2, 58-92
Due to its pyramid population structure, Egypt needs to create jobs at a high pace to absorb the many new entrants at its labour market. This article structurally models and quantifies the impact of these demographic shocks and the shedding of public sector jobs on unemployment. The findings indicate that Egypt needs to grow at 5% for many years to come. Job creation better occurs in the private than in the public sector. Egypt’s public sector has been driving up government expenditures disproportionably, not only because of the numerous public sector employees but also because of high public wage growth.
Keywords: Demography; labour supply; employment; public sector employment; public finance. (search for similar items in EconPapers)
JEL-codes: C32 J11 J21 J22 J23 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eei:journl:v:54:y:2011:i:2:p:58-92
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