What happens to workers who lose their jobs due to firm exit – how quickly are they re-employed and what are the policies that can aid this process?
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Given the enduring impact of severe recessions and financial crises, it is important to take measures to minimise the risk of such events. In so doing, the benefits of higher economic stability must be weighed against potential costs. Risk-mitigating measures can involve a trade-off between growth and crisis risk, thus the most cost-effective actions must be identified.
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A policy framework that does not unduly inhibit the creative destruction process is vital to sustaining productivity growth. Yet, a key question is what happens to workers who lose their jobs due to this process and what are the policies that minimise the costs of worker displacement?
Growth momentum picking-up in several advanced economies and strengthening in major emerging economies
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This study explores the effectiveness of the incentive mechanisms embedded within the UK’s Funding for Lending Scheme (FLS) for banks’ to expand their supply of lending to medium sized enterprises (SMEs).
Malaysia’s success in alleviating poverty has been achieved despite the absence of an integrated and comprehensive social protection system.
OECD annual inflation picks up to 1.4% in October 2016, driven by energy prices
In the United States, the most watched indicator of productivity (nonfarm business productivity growth) decelerated about ¾ percentage point from 2009 to 2014 relative to the preceding 5-year period.
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Do flexibility-enhancing reforms imply more employment instability? Using individual-level data from harmonised household surveys for 26 advanced countries, this paper analyses the effects of product and labour market reforms on transitions in and out of employment.
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Knowing who gains and loses from regulatory reform is important for understanding the political economy of reform. Using micro-level data from 26 countries, this paper studies how regulatory reform of network industries, a policy priority in many advanced economies, influences the labour market situation of workers in network industries.