Agnello, Luca, Castro, Vítor, Tovar Jalles, João and Sousa, Ricardo M. (2014) Fiscal adjustments, labour market flexibility and unemployment. Economics Letters, 124 (2). pp. 231-235. ISSN 0165-1765
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Identification Number: 10.1016/j.econlet.2014.05.029
Abstract
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.
| Item Type: | Article |
|---|---|
| Official URL: | http://www.sciencedirect.com/ |
| Additional Information: | © 2014 Elsevier B.V. |
| Divisions: | LSE |
| Subjects: | H Social Sciences > HC Economic History and Conditions |
| JEL classification: | J - Labor and Demographic Economics > J4 - Particular Labor Markets > J41 - Contracts: Specific Human Capital, Matching Models, Efficiency Wage Models, and Internal Labor Markets J - Labor and Demographic Economics > J4 - Particular Labor Markets > J44 - Professional Labor Markets and Occupations |
| Date Deposited: | 08 Jul 2014 11:53 |
| Last Modified: | 12 Dec 2024 00:40 |
| URI: | http://eprints.lse.ac.uk/id/eprint/57550 |
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