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dc.contributor.authorSchwarzmüller, Timen
dc.contributor.authorStähler, Nikolaien
dc.date.accessioned2011-12-21-
dc.date.accessioned2012-01-18T12:04:55Z-
dc.date.available2012-01-18T12:04:55Z-
dc.date.issued2011-
dc.identifier.isbn978-3-86558-765-7en
dc.identifier.urihttp://hdl.handle.net/10419/54719-
dc.description.abstractThis paper uses an extended version of 'FiMod - A DSGE Model for Fiscal Policy Simulations' (Stähler and Thomas, 2011) with endogenous job destruction decisions by private firms to analyze the effects of several currently discussed labor market reforms on the Spanish economy. The main focus is on the firms' hiring and firing decisions, on the implications for fiscal balances and on Spain's international competitiveness. We find that measures aiming at reducing (policy-induced) outside option of workers, such as a decrease in unemployment benefits, public wages or, to a lesser extent, public-sector employment, seem most beneficial to foster output, employment, international competitiveness and fiscal balances. Decreasing the unions' bargaining power also accomplishes this task, however, at a lower level and at the cost of higher job turnover. Our simulation suggests that reforming employment protection legislation does not seem to be a suitable tool from the perspective of improving international competitiveness. All measures imply (income) redistribution between optimizing and liquidity-constrained consumers. Our analysis also suggests that those reforms that are beneficial for Spain generate positive spillovers to the rest of EMU, too.en
dc.language.isoengen
dc.publisher|aDeutsche Bundesbank |cFrankfurt a. M.en
dc.relation.ispartofseries|aDiscussion Paper Series 1 |x2011,28en
dc.subject.jelE24en
dc.subject.jelE32en
dc.subject.jelE62en
dc.subject.jelH20en
dc.subject.jelH50en
dc.subject.ddc330en
dc.subject.keywordgeneral equilibriumen
dc.subject.keywordfiscal policy simulationsen
dc.subject.keywordlabor market searchen
dc.subject.stwArbeitsmarktpolitiken
dc.subject.stwReformen
dc.subject.stwArbeitsmarktflexibilitäten
dc.subject.stwWirkungsanalyseen
dc.subject.stwArbeitsucheen
dc.subject.stwInternationaler Wettbewerben
dc.subject.stwAllgemeines Gleichgewichten
dc.subject.stwSchätzungen
dc.subject.stwSpanienen
dc.titleReforming the labor market and improving competitiveness: An analysis for Spain using FiMod-
dc.typeWorking Paperen
dc.identifier.ppn680298959en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:bubdp1:201128en

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