Labor Market Policies and European Crises

Giuseppe Bertola

No 9707, CEPR Discussion Papers from C.E.P.R. Discussion Papers

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: Inequality; Productivity; Structural reforms (search for similar items in EconPapers)
JEL-codes: J0 (search for similar items in EconPapers)
Date: 2013-10
New Economics Papers: this item is included in nep-ltv
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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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