Search Results

You are looking at 1 - 3 of 3 items for :

Clear All
International Monetary Fund

, the ratio of minimum to median wages does not affect equilibrium employment rates in most of the specifications tried. E. ALMPs and Wage-Setting Behavior 62. To assess the effect of ALMPs on wage-setting, the following “wage curve” was estimated: log ⁡ ( B ⁢ W i ⁢ t P i ⁢ t ⁢ A i ⁢ t ) = α t ⁢ log ⁡ ( u i ⁢ t ) + α 2 ⁢   ALMP it + α 3 ⁢ X it

International Monetary Fund
This Selected Issues paper first explains the recent increase in trend growth and then discusses how labor market and tax policies could best sustain it. This study calculates French trend growth estimating simultaneously a Cobb–Douglas production technology and total factor productivity. The main conclusion is that French trend growth indeed increased during the second half of the 1990s to an average annual rate of 2.1 percent, from 1.8 percent in 1993. This was not owing to a recovery of total factor productivity growth.
International Monetary Fund

offset the adverse effects of demographics and sustain trend growth in the medium term. Contents II. Employment and Wage Effects of Active Labor Market Policies A. Introduction B. Why Might ALMPs Increase Employment? C. Identification Issues and a Critical Survey of Previous Studies D. Empirical Identification of the Effect of ALMPs on Employment Rates E. ALMPs and Wage-Setting Behavior F. Expenditures on ALMPs in France G. Final Remarks Appendix I: Synthesis of the Relevant Literature Appendix II: The OECD Labor Market Policies Database