Labor Market Policies and European Crises

Giuseppe Bertola

No 4450, CESifo Working Paper Series from CESifo

Abstract: This paper studies theoretically and empirically why and how labor policies may reduce productivity and employment in order to stabilize labor incomes and redistribute resources. It proposes a specific stylized model where the tradeoffs facing labor policies are influenced by structural factors, inspects the empirical relevance of this mechanism in European data, and outlines the proposed theoretical perspective’s implications for reform design in crisis-hit economies.

Keywords: structural reforms; productivity; inequality (search for similar items in EconPapers)
JEL-codes: D31 J00 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Labor market policies and European crises (2014)
Working Paper: Labor Market Policies and European Crises (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_4450

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