| Description |
1 online resource (24 pages) : color illustrations. |
|
text file |
| Series |
IMF working paper,
1018-5941 ;
WP/15/17
|
|
IMF working paper ; WP/15/17.
|
| Note |
"January 2015." |
|
"African Department." |
| Bibliography |
Includes bibliographical references (pages 22-23). |
| Summary |
Many governments have initiated public employment programs or expanded the existing ones in response to high unemployment. However, in many middle-income countries, a relatively large government coexists with persistently high unemployment. This paper explores the question of whether public employment gives rise to distortions in the labor market in the medium to long-run. Our findings do not provide any evidence that public employment reduces unemployment rate. The analysis in this paper shows that large public employment does significantly affect labor market outcomes in middle-income countries and leads to job destruction in the private sector. The extent of the impact is largely influenced by the degree of substitutability between public and private production and the size of the rents in the public sector.--Abstract. |
| Contents |
Cover Page; Title Page; Copyright Page; Contents; Figure; Tables; Appendix; I. Introduction; II. Literature Review; III. Methodology; IV. Empirical Results; 1. Selected UMICs: Public Employment and Unemployment Rate, 1995-2011; 1. Public Employment and Unemployment Rate; 2. Estimates of Unemployment Based on Labor Market Institution and Public Employment; 3. Estimates of Private Employment Based on Labor Market Institutions and Public Employment; 4. Three-Stage Least Squares Estimates of Simultaneous Equations: Unemployment-Public Employment and Private Employment-Public Employment. |
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5. Three-Stage Least Squares Estimates of Public Employment Impact on Unemployment and Private Employment Based on the Size of Public Rent and the Substitutability of Public ProductionV. Conclusions; I. Theoretical Model; References; Footnotes. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Unemployment -- Developing countries -- Econometric models.
|
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Unemployment. |
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Developing countries. |
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Econometric models. |
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Civil service -- Developing countries -- Econometric models.
|
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Civil service. |
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Labor market -- Developing countries -- Econometric models.
|
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Labor market. |
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Fiscal policy -- Developing countries -- Econometric models.
|
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Fiscal policy. |
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Fiscal policy -- Econometric models. |
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Labor market -- Econometric models. |
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Unemployment -- Econometric models. |
| Added Author |
Leigh, Lamin, author.
|
|
International Monetary Fund. African Department.
|
| Other Form: |
Print version: Stepanyan, Ara. Fiscal Policy Implications for Labor Market Outcomes in Middle-Income Countries. Washington : International Monetary Fund, ©2015 |
| ISBN |
9781498316217 |
|
1498316212 |
|
1484326806 |
|
9781484326800 |
|
9781498380522 (electronic book) |
|
1498380522 (electronic book) |
| Standard No. |
10.5089/9781484326800.001 |
|
