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| Title: | | Anatomy of policy complementarities  |
| Authors: | | Orszag, Jonathan Michael Snower, Dennis J. |
| Issue Date: | | 1999 |
| Series/Report no.: | | Discussion paper series / Forschungsinstitut zur Zukunft der Arbeit 41 |
| Abstract: | | The analysis provides a new explanation for two widespread problems concerning European unemployment policy: the disappointingly small effect of many past reform measures on unemployment, and the political difficulties in implementing more extensive reform programs. We argue that the heart of these problems may be the failure of many European governments to implement broad-based reform strategies. Our analysis suggests that major unemployment policies are characterised by economic complementarities (in the sense that the effectiveness of one policy depends on the implementation of other policies) and political complementarities (in that the ability to gain political consent for one policy depends on the acceptance of other policies). Under these circumstances, incremental, small-scale adjustments of existing policy packages are doomed to failure. Our analysis suggests instead that the European unemployment problem should be tackled through “broad” reforms that exploit the salient economic and political complementarities among individual policy measures. |
| Subjects: | | Labor market policy Economic complementarities Political economy Unemployment Unemployment benefits Taxation Inequality |
| JEL: | | E61 H21 J64 J68 H23 E62 H55 H61 I30 H53 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA) Economists Online
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