Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/89676 
Year of Publication: 
2013
Series/Report no.: 
CESifo Working Paper No. 4450
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
This paper studies theoretically and empirically why and how labor policies may reduce productivity and employment in order to stabilize labor incomes and redistribute resources. It proposes a specific stylized model where the tradeoffs facing labor policies are influenced by structural factors, inspects the empirical relevance of this mechanism in European data, and outlines the proposed theoretical perspective's implications for reform design in crisis-hit economies.
Subjects: 
structural reforms
productivity
inequality
JEL: 
D31
J00
Document Type: 
Working Paper
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