Chapter 3. Long-Term Implications of Fiscal Policy for Labor Market Outcomes
Author: Ara Stepanyan
Language:
English
Keywords:
BOOK; government; reserve; Small Middle-Income Country; reservation wage; wage pressure; employment opportunity; wage premium; wage determination; Employment; Unemployment; Labor markets; Public sector; Sub-Saharan Africa; Global

Abstract

Policymakers sometimes view the expansion of public employment as a useful tool for reducing high unemployment. This is probably one of the reasons public employment accounts for an important share of total employment in many middle-income countries (MICs). However, in many countries, including small MICs (SMICs), a relatively large government coexists with persistently high unemployment (Box 3.1).

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Cover Africa on the Move
Africa on the Move
Unlocking the Potential of Small Middle-Income States
Author: Mr. Lamin Y Leigh and Mr. Ali M. Mansoor
ISBN:
9781513588605
ISSN:
0251-6365
Publication Date:
22 Jan 2016
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781513588605.071
Pages:
182