Fiscal Policy and Labor Markets at Times of Public Debt

Giuseppe Bertola, Mon, 10/04/2010

How does accumulation of public debt affect the menu of labor market policies available to policymakers? Discussion Paper 8037 finds a strong association between debt stock and debt service indicators and employment and unemployment rates between 1980 and 2000. The author suggests that debt service obligations will have important implications for future labour market interventions.

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URL:  http://www.cepr.org/pubs/new-dps/dplist.asp?dpno=8037.asp

Topics:  Labour markets Macroeconomic policy Welfare state and social Europe

Tags:  Inequality, debt sustainability, labor market regulations

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