TY  - BOOK
AU  - Furceri,Davide
AU  - Bernal-Verdugo,Lorenzo E.
AU  - Furceri,Davide
AU  - Guillaume,Dominique M.
TI  - Crises, Labor Market Policy, and Unemployment
T2  - IMF Working Papers; Working Paper
SN  - 146393842X :
SN  - 1018-5941
PY  - 2012///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Analysis of Collective Decision-Making
KW  - imf
KW  - Employment and Investment: Other
KW  - Flexibility
KW  - Labor Market Flexibility
KW  - Labor Market Institutions
KW  - Labor Market
KW  - China, People's Republic of
KW  - Dominica
KW  - Malaysia
KW  - Mexico
KW  - South Africa
N2  - Using a sample of 97 countries spanning the period 1980?2008, we estimate that financial crises have a large negative impact on unemployment in the short term, but that this effect rapidly disappears in the medium term in countries with flexible labor market institutions, whereas the impact of financial crises is less pronounced but more persistent in countries with more rigid labor market institutions. These effects are even larger for youth unemployment in the short term and long-term unemployment in the medium term. Conversely, large upfront, or gradual but significant, comprehensive labor market policies have a positive impact on unemployment, albeit only in the medium term
UR  - http://elibrary.imf.org/view/IMF001/12666-9781463938420/12666-9781463938420/12666-9781463938420.xml
UR  - http://www.imfbookstore.org/IMFORG/9781463938420
ER  -