Search results for "Flexibility Index"

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Fiscal adjustments, labour market flexibility and unemployment

2014

Using a panel of 17 countries for 1978-2009, we find that tax-driven consolidations increase unemployment by 0.25 percentage points. Labour market flexibility mitigates this: a one-point rise in the flexibility index reduces youth (long-term) unemployment by 0.6-0.7 (1.8-2.2) percentage points.

Economics and EconometricsLabour economicsFull employmentYouth and long-term unemploymentmedia_common.quotation_subject1. No povertySettore SECS-P/02 Politica EconomicaFlexibility IndexLabour market flexibilitySocial SciencesPercentage pointUnemployment8. Economic growthUnemploymentFiscal adjustmentEconomicsFiscal adjustmentsFinancemedia_commonLabour market flexibility
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