Series: IMF Staff Position Notes
Author(s): Athanasios Vamvakidis , Francis Vitek , Mwanza Nkusu , Reginald Darius , Alun Thomas , and Edouard Vidon
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 11 November 2010
Keywords: Economic recession, Employment, External shocks, Financial crisis, Cross country analysis, Labor market policy, Labor markets, Korea, Republic of, Mexico, New Zealand
The human cost of the recent global crisis is reflected in its impact on the labor market. Explaining why economies with similar downturns had very different employment trends can help design policies to reduce suc...