Dismal Employment Growth in EU Countries The Role of Corporate Balance Sheet Repair and Dual Labor Markets
This paper argues that the large differences among EU countries in post-crisis employment performance are to a large extent driven by the need to adjust corporate balance sheets, which had greatly deteriorated during the boom years in some countries but not in others. To close the large gaps between...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2013
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| Schriftenreihe: | IMF Working Papers
Working Paper No. 13/179 |
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| 520 | 3 | |a This paper argues that the large differences among EU countries in post-crisis employment performance are to a large extent driven by the need to adjust corporate balance sheets, which had greatly deteriorated during the boom years in some countries but not in others. To close the large gaps between saving and investment, firms reduced investment and cut costs to boost profits. With much of the cost adjustment falling on firms' wage bills, employment losses were largest in countries under the most intense pressures to improve corporate profitability and with limited wage flexibility due to labor market duality | |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:14Z |
| indexdate | 2024-11-25T18:02:39Z |
| institution | BVB |
| isbn | 1484311639 9781484311639 |
| language | English |
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| oclc_num | 1337119859 |
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| physical | 1 Online-Ressource (32 p) |
| psigel | ZDB-1-IMF |
| publishDate | 2013 |
| publishDateSearch | 2013 |
| publishDateSort | 2013 |
| publisher | International Monetary Fund |
| record_format | marc |
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| spellingShingle | Bakker, Bas B. Dismal Employment Growth in EU Countries The Role of Corporate Balance Sheet Repair and Dual Labor Markets |
| title | Dismal Employment Growth in EU Countries The Role of Corporate Balance Sheet Repair and Dual Labor Markets |
| title_auth | Dismal Employment Growth in EU Countries The Role of Corporate Balance Sheet Repair and Dual Labor Markets |
| title_exact_search | Dismal Employment Growth in EU Countries The Role of Corporate Balance Sheet Repair and Dual Labor Markets |
| title_exact_search_txtP | Dismal Employment Growth in EU Countries The Role of Corporate Balance Sheet Repair and Dual Labor Markets |
| title_full | Dismal Employment Growth in EU Countries The Role of Corporate Balance Sheet Repair and Dual Labor Markets Bakker, Bas B |
| title_fullStr | Dismal Employment Growth in EU Countries The Role of Corporate Balance Sheet Repair and Dual Labor Markets Bakker, Bas B |
| title_full_unstemmed | Dismal Employment Growth in EU Countries The Role of Corporate Balance Sheet Repair and Dual Labor Markets Bakker, Bas B |
| title_short | Dismal Employment Growth in EU Countries |
| title_sort | dismal employment growth in eu countries the role of corporate balance sheet repair and dual labor markets |
| title_sub | The Role of Corporate Balance Sheet Repair and Dual Labor Markets |
| url | http://elibrary.imf.org/view/IMF001/20753-9781484311639/20753-9781484311639/20753-9781484311639.xml |
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