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Lessons from successful labor market reformers in Europe

Author: Anthony Annett; International Monetary Fund.
Publisher: [Washington, D.C.] : International Monetary Fund, ©2007.
Series: IMF policy discussion paper, PDP/07/1.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Database:WorldCat
Summary:
Welfare states can be reformed successfully, and popular support for reforms can be maintained. But this requires an internally consistent package of labor market, fiscal, and product market reforms, including some kind of buy-in, through, for example, tax cuts. Empirical analysis combined with a select number of case studies-comprising Ireland, Denmark, the Netherlands, and the United Kingdom-reveals that  Read more...
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Details

Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Anthony Annett; International Monetary Fund.
OCLC Number: 262162574
Notes: "May 2007."
"European Department."
Description: 1 online resource (23 pages) : illustrations.
Series Title: IMF policy discussion paper, PDP/07/1.
Responsibility: Anthony Annett.

Abstract:

Welfare states can be reformed successfully, and popular support for reforms can be maintained. But this requires an internally consistent package of labor market, fiscal, and product market reforms, including some kind of buy-in, through, for example, tax cuts. Empirical analysis combined with a select number of case studies-comprising Ireland, Denmark, the Netherlands, and the United Kingdom-reveals that successful reformers focused on increasing labor supply through benefit reform, lowering tax wedges, and lowering government consumption. At the same time, greater labor supply translated into employment growth more effectively in the presence of liberal labor and product markets.

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