Fiscal policy implications for labor market outcomes in middle-income countries /:
Many governments have initiated public employment programs or expanded the existing ones in response to high unemployment. However, in many middle-income countries, a relatively large government coexists with persistently high unemployment. This paper explores the question of whether public employme...
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| Hauptverfasser: | , |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C.] :
International Monetary Fund,
©2015.
|
| Schriftenreihe: | IMF working paper ;
WP/15/17. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Many governments have initiated public employment programs or expanded the existing ones in response to high unemployment. However, in many middle-income countries, a relatively large government coexists with persistently high unemployment. This paper explores the question of whether public employment gives rise to distortions in the labor market in the medium to long-run. Our findings do not provide any evidence that public employment reduces unemployment rate. The analysis in this paper shows that large public employment does significantly affect labor market outcomes in middle-income countries and leads to job destruction in the private sector. The extent of the impact is largely influenced by the degree of substitutability between public and private production and the size of the rents in the public sector.--Abstract. |
| Beschreibung: | "January 2015." "African Department." |
| Beschreibung: | 1 online resource (24 pages) : color illustrations |
| Bibliographie: | Includes bibliographical references (pages 22-23). |
| ISBN: | 9781498316217 1498316212 1484326806 9781484326800 9781498380522 1498380522 |
| ISSN: | 1018-5941 ; |
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| 245 | 1 | 0 | |a Fiscal policy implications for labor market outcomes in middle-income countries / |c prepared by Ara Stepanyan and Lamin Leigh. |
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| 490 | 1 | |a IMF working paper, |x 1018-5941 ; |v WP/15/17 | |
| 500 | |a "January 2015." | ||
| 500 | |a "African Department." | ||
| 504 | |a Includes bibliographical references (pages 22-23). | ||
| 520 | |a Many governments have initiated public employment programs or expanded the existing ones in response to high unemployment. However, in many middle-income countries, a relatively large government coexists with persistently high unemployment. This paper explores the question of whether public employment gives rise to distortions in the labor market in the medium to long-run. Our findings do not provide any evidence that public employment reduces unemployment rate. The analysis in this paper shows that large public employment does significantly affect labor market outcomes in middle-income countries and leads to job destruction in the private sector. The extent of the impact is largely influenced by the degree of substitutability between public and private production and the size of the rents in the public sector.--Abstract. | ||
| 588 | 0 | |a Online resource; title from pdf title page (IMF.org Web site, viewed January 29, 2015). | |
| 505 | 0 | |a Cover Page; Title Page; Copyright Page; Contents; Figure; Tables; Appendix; I. Introduction; II. Literature Review; III. Methodology; IV. Empirical Results; 1. Selected UMICs: Public Employment and Unemployment Rate, 1995-2011; 1. Public Employment and Unemployment Rate; 2. Estimates of Unemployment Based on Labor Market Institution and Public Employment; 3. Estimates of Private Employment Based on Labor Market Institutions and Public Employment; 4. Three-Stage Least Squares Estimates of Simultaneous Equations: Unemployment-Public Employment and Private Employment-Public Employment. | |
| 505 | 8 | |a 5. Three-Stage Least Squares Estimates of Public Employment Impact on Unemployment and Private Employment Based on the Size of Public Rent and the Substitutability of Public ProductionV. Conclusions; I. Theoretical Model; References; Footnotes. | |
| 650 | 0 | |a Unemployment |z Developing countries |x Econometric models. | |
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| 650 | 0 | |a Fiscal policy |z Developing countries |x Econometric models. | |
| 650 | 7 | |a Fiscal policy |x Econometric models |2 fast | |
| 650 | 7 | |a Labor market |x Econometric models |2 fast | |
| 650 | 7 | |a Unemployment |x Econometric models |2 fast | |
| 651 | 7 | |a Developing countries |2 fast | |
| 700 | 1 | |a Leigh, Lamin, |e author. |0 http://id.loc.gov/authorities/names/no96013045 | |
| 710 | 2 | |a International Monetary Fund. |b African Department. |0 http://id.loc.gov/authorities/names/no93028933 | |
| 758 | |i has work: |a Fiscal policy implications for labor market outcomes in middle-income countries (Text) |1 https://id.oclc.org/worldcat/entity/E39PCFW6Tx4VYtkFVgWbxXkWCP |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Stepanyan, Ara. |t Fiscal Policy Implications for Labor Market Outcomes in Middle-Income Countries. |d Washington : International Monetary Fund, ©2015 |
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| author | Stepanyan, Ara Leigh, Lamin |
| author_GND | http://id.loc.gov/authorities/names/no2009081853 http://id.loc.gov/authorities/names/no96013045 |
| author_corporate | International Monetary Fund. African Department |
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| contents | Cover Page; Title Page; Copyright Page; Contents; Figure; Tables; Appendix; I. Introduction; II. Literature Review; III. Methodology; IV. Empirical Results; 1. Selected UMICs: Public Employment and Unemployment Rate, 1995-2011; 1. Public Employment and Unemployment Rate; 2. Estimates of Unemployment Based on Labor Market Institution and Public Employment; 3. Estimates of Private Employment Based on Labor Market Institutions and Public Employment; 4. Three-Stage Least Squares Estimates of Simultaneous Equations: Unemployment-Public Employment and Private Employment-Public Employment. 5. Three-Stage Least Squares Estimates of Public Employment Impact on Unemployment and Private Employment Based on the Size of Public Rent and the Substitutability of Public ProductionV. Conclusions; I. Theoretical Model; References; Footnotes. |
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| spelling | Stepanyan, Ara, author. http://id.loc.gov/authorities/names/no2009081853 Fiscal policy implications for labor market outcomes in middle-income countries / prepared by Ara Stepanyan and Lamin Leigh. [Washington, D.C.] : International Monetary Fund, ©2015. 1 online resource (24 pages) : color illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier IMF working paper, 1018-5941 ; WP/15/17 "January 2015." "African Department." Includes bibliographical references (pages 22-23). Many governments have initiated public employment programs or expanded the existing ones in response to high unemployment. However, in many middle-income countries, a relatively large government coexists with persistently high unemployment. This paper explores the question of whether public employment gives rise to distortions in the labor market in the medium to long-run. Our findings do not provide any evidence that public employment reduces unemployment rate. The analysis in this paper shows that large public employment does significantly affect labor market outcomes in middle-income countries and leads to job destruction in the private sector. The extent of the impact is largely influenced by the degree of substitutability between public and private production and the size of the rents in the public sector.--Abstract. Online resource; title from pdf title page (IMF.org Web site, viewed January 29, 2015). Cover Page; Title Page; Copyright Page; Contents; Figure; Tables; Appendix; I. Introduction; II. Literature Review; III. Methodology; IV. Empirical Results; 1. Selected UMICs: Public Employment and Unemployment Rate, 1995-2011; 1. Public Employment and Unemployment Rate; 2. Estimates of Unemployment Based on Labor Market Institution and Public Employment; 3. Estimates of Private Employment Based on Labor Market Institutions and Public Employment; 4. Three-Stage Least Squares Estimates of Simultaneous Equations: Unemployment-Public Employment and Private Employment-Public Employment. 5. Three-Stage Least Squares Estimates of Public Employment Impact on Unemployment and Private Employment Based on the Size of Public Rent and the Substitutability of Public ProductionV. Conclusions; I. Theoretical Model; References; Footnotes. Unemployment Developing countries Econometric models. Civil service Developing countries Econometric models. Labor market Developing countries Econometric models. Fiscal policy Developing countries Econometric models. Fiscal policy Econometric models fast Labor market Econometric models fast Unemployment Econometric models fast Developing countries fast Leigh, Lamin, author. http://id.loc.gov/authorities/names/no96013045 International Monetary Fund. African Department. http://id.loc.gov/authorities/names/no93028933 has work: Fiscal policy implications for labor market outcomes in middle-income countries (Text) https://id.oclc.org/worldcat/entity/E39PCFW6Tx4VYtkFVgWbxXkWCP https://id.oclc.org/worldcat/ontology/hasWork Print version: Stepanyan, Ara. Fiscal Policy Implications for Labor Market Outcomes in Middle-Income Countries. Washington : International Monetary Fund, ©2015 IMF working paper ; WP/15/17. http://id.loc.gov/authorities/names/no89010263 FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1254346 Volltext |
| spellingShingle | Stepanyan, Ara Leigh, Lamin Fiscal policy implications for labor market outcomes in middle-income countries / IMF working paper ; Cover Page; Title Page; Copyright Page; Contents; Figure; Tables; Appendix; I. Introduction; II. Literature Review; III. Methodology; IV. Empirical Results; 1. Selected UMICs: Public Employment and Unemployment Rate, 1995-2011; 1. Public Employment and Unemployment Rate; 2. Estimates of Unemployment Based on Labor Market Institution and Public Employment; 3. Estimates of Private Employment Based on Labor Market Institutions and Public Employment; 4. Three-Stage Least Squares Estimates of Simultaneous Equations: Unemployment-Public Employment and Private Employment-Public Employment. 5. Three-Stage Least Squares Estimates of Public Employment Impact on Unemployment and Private Employment Based on the Size of Public Rent and the Substitutability of Public ProductionV. Conclusions; I. Theoretical Model; References; Footnotes. Unemployment Developing countries Econometric models. Civil service Developing countries Econometric models. Labor market Developing countries Econometric models. Fiscal policy Developing countries Econometric models. Fiscal policy Econometric models fast Labor market Econometric models fast Unemployment Econometric models fast |
| title | Fiscal policy implications for labor market outcomes in middle-income countries / |
| title_auth | Fiscal policy implications for labor market outcomes in middle-income countries / |
| title_exact_search | Fiscal policy implications for labor market outcomes in middle-income countries / |
| title_full | Fiscal policy implications for labor market outcomes in middle-income countries / prepared by Ara Stepanyan and Lamin Leigh. |
| title_fullStr | Fiscal policy implications for labor market outcomes in middle-income countries / prepared by Ara Stepanyan and Lamin Leigh. |
| title_full_unstemmed | Fiscal policy implications for labor market outcomes in middle-income countries / prepared by Ara Stepanyan and Lamin Leigh. |
| title_short | Fiscal policy implications for labor market outcomes in middle-income countries / |
| title_sort | fiscal policy implications for labor market outcomes in middle income countries |
| topic | Unemployment Developing countries Econometric models. Civil service Developing countries Econometric models. Labor market Developing countries Econometric models. Fiscal policy Developing countries Econometric models. Fiscal policy Econometric models fast Labor market Econometric models fast Unemployment Econometric models fast |
| topic_facet | Unemployment Developing countries Econometric models. Civil service Developing countries Econometric models. Labor market Developing countries Econometric models. Fiscal policy Developing countries Econometric models. Fiscal policy Econometric models Labor market Econometric models Unemployment Econometric models Developing countries |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1254346 |
| work_keys_str_mv | AT stepanyanara fiscalpolicyimplicationsforlabormarketoutcomesinmiddleincomecountries AT leighlamin fiscalpolicyimplicationsforlabormarketoutcomesinmiddleincomecountries AT internationalmonetaryfundafricandepartment fiscalpolicyimplicationsforlabormarketoutcomesinmiddleincomecountries |