Crises, Labor Market Policy, and Unemployment

Working Paper No. 12/65

Using a sample of 97 countries spanning the period 19802008, 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... READ MORE...

Publication date: March 2012
ISBN 9781463938420

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Publication date: March 2012


Publication date: March 2012