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Unemployment and Structural Unemployment in the Baltics
Author:
Mr. Christian H Ebeke
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and
Greetje Everaert
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Series:
IMF Working Papers
Volume/Issue:
Volume 2014: Issue 153
Language:
English
Publication Date:
19 Aug 2014
DOI:
https://doi.org/10.5089/9781498317207.001
ISBN:
9781498317207
ISSN:
1018-5941
Pages:
25
Keywords:
WP; Unemployment; Structural Unemployment; Baltics; Estonia; Latvia; Lithuania; NAIRU estimate; NAIRU unemployment; unemployment gap; core CPI; internal migration; crisis dummy; structural unemployment rate estimate; Unemployment rate; Labor taxes; Labor markets
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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While the unemployment rate in the Baltics has fallen sharply from its crisis-peaks, it remains close to double digits. This paper estimates the structural component of the jobless rate in the three Baltic countries and analyzes its causes. Our main findings are that the current still elevated levels of unemployment mostly reflect structural factors. We then turn to why structural unemployment is so high. This paper points to skill mismatches, high tax wedges, and unemployment and inactivity traps as potential causes.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund