European Job Growth Hinges on Deeper Labor Market Reform

IMF SurveyNbr. 25-12, December 1996Summary

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The Current Situation. A Comprehensive Approach.

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European Job Growth Hinges on Deeper Labor Market Reform

A substantial reduction in European unemployment-it now stands at between 11 and 12 percent of the workforce-will require deeper labor market reforms across a broader range of complementary policies and institutions than have so far been undertaken. A coherent reform program that emphasizes such complementarities among different policies-while simultaneously addressing distributional concerns more effectively-...

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