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Deconstructing Job Creation
Author:
Mr. Pietro Garibaldi
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Mr. Paolo Mauro
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Series:
IMF Working Papers
Volume/Issue:
Volume 1999: Issue 109
Language:
English
Publication Date:
01 Aug 1999
DOI:
https://doi.org/10.5089/9781451853193.001
ISBN:
9781451853193
ISSN:
1018-5941
Pages:
41
Keywords:
WP; employment growth; work; job creation; European unemployment; firing costs; job creation performance; aggregate job creation; growth rate; employment miracle; Employment; Employment protection; Unemployment; Labor market institutions; Europe; Southern Europe
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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This paper studies net employment growth across 21 OECD economies in 1980-97, focusing on experiences within the European Union. It finds that sectoral effects can only partially account for differences in job creation. By contrast, it shows that a policy package including low taxation and flexible employment protection legislation is associated with high job creation and can account for most of the observed differences. The Netherlands’ success is largely accounted for by the creation of part-time jobs for women aged 25-49 in the services sector, but in most EU countries the substitution of part-time jobs for full-time jobs is considerable.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund