Policy Complementarities: The Case for Fundamental Labor Market Reform

David Coe () and Dennis J. Snower
Additional contact information
Dennis J. Snower: International Monetary Fund

IMF Staff Papers, 1997, vol. 44, issue 1, 1-35

Abstract: This paper argues that an important group of labor market policies are complementary in the sense that the effect of each policy is greater when implemented in conjunction with the other policies than in isolation. This may explain why the diverse, piecemeal labor market reforms in many European countries in recent years have had so little success in reducing unemployment. What is required instead is deeper labor market reforms across a broader range of complementary policies and institutions. To be politically feasible, these reforms must be combined with measures to address distributional issues.

JEL-codes: E24 J6 (search for similar items in EconPapers)
Date: 1997
References: Add references at CitEc
Citations: View citations in EconPapers (152)

Downloads: (external link)
http://www.jstor.org/stable/3867495?origin=pubexport main text (application/pdf)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Policy Complementarities: The Case for Fundamental Labour Market Reform (1997)
Working Paper: Policy Complementarities: The Case for Fundamental Labor Market Reform (1996)
Working Paper: Policy Complementarities: The Case for Fundamental Labor Market Reform (1996)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:imfstp:v:44:y:1997:i:1:p:1-35

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/41308/PS2

Access Statistics for this article

More articles in IMF Staff Papers from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().