Public Sector Efficiency and Fiscal Austerity

Public Sector Efficiency and Fiscal Austerity
This paper uses a simple model to analyze the forces that determine the size of the public sector and the quality of workers employed in that sector. Workers are heterogeneous, and the public sector chooses an employment strategy that maximizes a social welfare function U(s, Y) that depends on the share of the labor force employed in public... READ MORE...

Publication date: April 1998
ISBN 9781451968514
$15.00

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