Episodes of Unemployment Reduction in Rich, Middle-Income, and Transition Economies

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dc.creatorFreund, Caroline
dc.creatorRijkers, Bob
dc.date2014-06-26T21:22:02Z
dc.date2014-06-26T21:22:02Z
dc.date2014-05
dc.date.accessioned2026-07-01T00:53:13Z
dc.descriptionThis paper studies the incidence and determinants of episodes of drastic unemployment reduction, defined as swift, substantial, and sustained declines in unemployment. Forty-three episodes are identified over a period of nearly three decades in 94 rich, middle-income, and transition countries. Unemployment reductions often coincide with an acceleration of growth and an improvement in macroeconomic conditions. Episodes are much more prevalent in countries with higher levels of unemployment and, given unemployment, are more likely in countries with better regulation. An efficient legal system that enforces contracts expeditiously is particularly important for reducing unemployment. The results imply that while employment is largely related to the business cycle, better regulation reduces the likelihood of high unemployment and facilitates a more rapid recovery in the event unemployment builds up.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2014/05/19580996/episodes-unemployment-reduction-rich-middle-income-transition-economies
dc.identifierhttps://hdl.handle.net/10986/18795
dc.identifierhttps://doi.org/10.1596/1813-9450-6891
dc.identifier.urihttp://hdl.handle.net/123456789/412472
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank, Washington, DC
dc.relationPolicy Research Working Paper;No. 6891
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectAVERAGE UNEMPLOYMENT
dc.subjectBANKRUPTCY
dc.subjectBUSINESS CYCLE
dc.subjectCOLLECTIVE BARGAINING
dc.subjectCOMPARATIVE ECONOMICS
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCRISES
dc.subjectCYCLICAL UNEMPLOYMENT
dc.subjectDEBT
dc.subjectDEMOCRACY
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDEVELOPMENT POLICY
dc.subjectDISMISSAL
dc.subjectDOMESTIC VIOLENCE
dc.subjectDRIVERS
dc.subjectECONOMIC CONDITIONS
dc.subjectECONOMIC FREEDOM
dc.subjectECONOMIC GROWTH
dc.subjectECONOMICS
dc.subjectEMPLOYMENT CREATION
dc.subjectEMPLOYMENT GROWTH
dc.subjectEXCESSIVE REGULATION
dc.subjectEXCHANGE RATES
dc.subjectEXPECTED VALUE
dc.subjectEXPORTS
dc.subjectFIRM SIZE
dc.subjectFLEXIBLE LABOR MARKETS
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFREE TRADE
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGROSS FIXED CAPITAL FORMATION
dc.subjectGROSS REPLACEMENT RATE
dc.subjectHIGH UNEMPLOYMENT
dc.subjectINCOME
dc.subjectINCOME GROUPS
dc.subjectINFLATION
dc.subjectINITIAL UNEMPLOYMENT
dc.subjectJOB CREATION
dc.subjectJOBS
dc.subjectLABOR ADJUSTMENT
dc.subjectLABOR FORCE
dc.subjectLABOR FORCE PARTICIPATION
dc.subjectLABOR LAWS
dc.subjectLABOR MARKET
dc.subjectLABOR MARKET REGULATIONS
dc.subjectLABOR MARKETS
dc.subjectLABOR REGULATION
dc.subjectLABOR REGULATIONS
dc.subjectLABOUR
dc.subjectLABOUR MARKET
dc.subjectLABOUR MARKET RIGIDITIES
dc.subjectLEGAL RIGHTS
dc.subjectLICENSING RESTRICTIONS
dc.subjectLIFE EXPECTANCY
dc.subjectLOW UNEMPLOYMENT
dc.subjectLOW-INCOME COUNTRIES
dc.subjectMACROECONOMIC CONDITIONS
dc.subjectMACROECONOMIC MANAGEMENT
dc.subjectMACROECONOMICS
dc.subjectMEDIUM OF EXCHANGE
dc.subjectMINIMUM WAGES
dc.subjectMONETARY POLICY
dc.subjectMORTALITY
dc.subjectNATURAL RATE OF UNEMPLOYMENT
dc.subjectNET JOB CREATION
dc.subjectPOLICY DISCUSSIONS
dc.subjectPOLICY RESEARCH
dc.subjectPOLICY RESEARCH WORKING PAPER
dc.subjectPOLITICAL PROCESS
dc.subjectPREVIOUS RESULTS
dc.subjectPREVIOUS SECTION
dc.subjectPRICE CONTROLS
dc.subjectPRIVATE GAIN
dc.subjectPRIVATE SECTOR
dc.subjectPROGRESS
dc.subjectPROPERTY RIGHTS
dc.subjectPURCHASING POWER
dc.subjectPURCHASING POWER PARITY
dc.subjectREAL GDP
dc.subjectREAL INTEREST RATES
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY FRAMEWORKS
dc.subjectRULE OF LAW
dc.subjectSECURE PROPERTY RIGHTS
dc.subjectSEVERANCE PAY
dc.subjectSEVERANCE PAYMENTS
dc.subjectSOCIAL RESEARCH
dc.subjectTRADE BARRIERS
dc.subjectTRADE REFORMS
dc.subjectTRANSITION ECONOMIES
dc.subjectUNEMPLOYED
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT BENEFITS
dc.subjectUNEMPLOYMENT DECLINES
dc.subjectUNEMPLOYMENT INSURANCE
dc.subjectUNEMPLOYMENT INSURANCE BENEFITS
dc.subjectUNEMPLOYMENT LEVELS
dc.subjectUNEMPLOYMENT RATE
dc.subjectUNEMPLOYMENT RATES
dc.subjectUNEMPLOYMENT REDUCTION
dc.subjectWAR
dc.subjectWELL-FUNCTIONING LABOR MARKETS
dc.subjectWORKER
dc.subjectWORKERS
dc.subjectWORKING HOURS
dc.subjectWTO
dc.titleEpisodes of Unemployment Reduction in Rich, Middle-Income, and Transition Economies

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