Format:
Online-Ressource (32 p)
Edition:
Online-Ausg.
ISBN:
1484311639
,
9781484311639
Series Statement:
IMF Working Papers Working Paper No. 13/179
Content:
This paper argues that the large differences among EU countries in post-crisis employment performance are to a large extent driven by the need to adjust corporate balance sheets, which had greatly deteriorated during the boom years in some countries but not in others. To close the large gaps between saving and investment, firms reduced investment and cut costs to boost profits. With much of the cost adjustment falling on firms’ wage bills, employment losses were largest in countries under the most intense pressures to improve corporate profitability and with limited wage flexibility due to labor market duality
Additional Edition:
Erscheint auch als Druck-Ausgabe Bakker, Bas Dismal Employment Growth in EU Countries: The Role of Corporate Balance Sheet Repair and Dual Labor Markets Washington, D.C. : International Monetary Fund, 2013 ISBN 9781484311639
Language:
English
Keywords:
Graue Literatur
DOI:
10.5089/9781484311639.001
