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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/2258| Title: | Anatomy of policy complementarities |
| Keywords: | E61 H21 J64 J68 H23 E62 H55 H61 I30 H53 ddc:330 Labor market policy Economic complementarities Political economy Unemployment Unemployment benefits Taxation Inequality Arbeitsmarktpolitik Beschäftigungspolitik Theorie |
| Issue Date: | 16-Oct-2013 |
| Publisher: | IZA Bonn |
| Description: | The analysis provides a new explanation for two widespread problems concerning European unemployment policy: the disappointingly small effect of many past reform measures on unemployment, and the political difficulties in implementing more extensive reform programs. We argue that the heart of these problems may be the failure of many European governments to implement broad-based reform strategies. Our analysis suggests that major unemployment policies are characterised by economic complementarities (in the sense that the effectiveness of one policy depends on the implementation of other policies) and political complementarities (in that the ability to gain political consent for one policy depends on the acceptance of other policies). Under these circumstances, incremental, small-scale adjustments of existing policy packages are doomed to failure. Our analysis suggests instead that the European unemployment problem should be tackled through “broad” reforms that exploit the salient economic and political complementarities among individual policy measures. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/2258 |
| Other Identifiers: | http://hdl.handle.net/10419/2258 ppn:269460330 |
| Appears in Collections: | EconStor |
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