Journal Article

Anatomy of employment growth

Pietro Garibaldi and Paolo Mauro

in Economic Policy

Published on behalf of Center for Economic Studies of the University of Munich

Volume 17, issue 34, pages 67-114
Published in print April 2002 | ISSN: 0266-4658
Published online July 2014 | e-ISSN: 1468-0327 | DOI: https://dx.doi.org/10.1111/1468-0327.00084
Anatomy of employment growth

More Like This

Show all results sharing these subjects:

  • Economic Growth and Aggregate Productivity
  • Financial Regulation
  • Health, Education, and Welfare
  • Labour and Demographic Economics
  • Macroeconomics and Monetary Economics
  • Public Economics
  • Regional Government Analysis

GO

Show Summary Details

Preview

This paper studies net employment growth across 21 OECD economies since 1980, focusing on the wide range of experiences within the European Union. The initial composition of employment across sectors is relevant in a few countries, but can only partially account for cross–country differences in net employment growth. Institutions play a more important role. A policy package including low dismissal costs and low taxation is significantly associated with high net employment growth and can account for a substantial share of cross–country differences. While the Netherlands’ employment miracle is largely accounted for by an increase in part–time jobs for women aged 25–49 in the services sector, we find that in the whole sample part–time jobs largely replace full–time jobs, and temporary jobs replace permanent jobs, with small net effects on hours worked. Continental Europe did not increase employment as much as other OECD countries until the mid–1990s, but later appears to be staging a resurgence of employment growth. We argue that this resurgence is not merely cyclical, is likely related to reforms, and may well be there to stay.

Journal Article.  17626 words.  Illustrated.

Subjects: Economic Growth and Aggregate Productivity ; Financial Regulation ; Health, Education, and Welfare ; Labour and Demographic Economics ; Macroeconomics and Monetary Economics ; Public Economics ; Regional Government Analysis

Full text: subscription required

How to subscribe Recommend to my Librarian

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content. subscribe or login to access all content.