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Lessons from Successful Labor Market Reformers in Europe

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  • Mr. Anthony M Annett

Abstract

Welfare states can be reformed successfully, and popular support for reforms can be maintained. But this requires an internally consistent package of labor market, fiscal, and product market reforms, including some kind of buy-in, through, for example, tax cuts. Empirical analysis combined with a select number of case studies-comprising Ireland, Denmark, the Netherlands, and the United Kingdom-reveals that successful reformers focused on increasing labor supply through benefit reform, lowering tax wedges, and lowering government consumption. At the same time, greater labor supply translated into employment growth more effectively in the presence of liberal labor and product markets.

Suggested Citation

  • Mr. Anthony M Annett, 2007. "Lessons from Successful Labor Market Reformers in Europe," IMF Policy Discussion Papers 2007/001, International Monetary Fund.
    • Handle: RePEc:imf:imfpdp:2007/001
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    Citations

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    Cited by:

    1. Bas van Aarle, 2013. "Structural reforms and fiscal adjustments: policy options for the euro area," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 16(4), pages 320-335, December.
    2. International Monetary Fund, 2009. "Italy: 2008 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Italy," IMF Staff Country Reports 2009/045, International Monetary Fund.
    3. Nadine Leiner-Killinger & Víctor López Pérez & Roger Stiegert & Giovanni Vitale, 2007. "Structural reforms in EMU and the role of monetary policy – a survey of the literature," Occasional Paper Series 66, European Central Bank.
    4. International Monetary Fund, 2014. "Spain: Selected Issues," IMF Staff Country Reports 2014/193, International Monetary Fund.
    5. Fernando Martins & Mario Izquierdo, 2018. "Did recent reforms facilitate EU labour market adjustment? Firm level evidence," Working Papers w201807, Banco de Portugal, Economics and Research Department.
    6. Morawski, Leszek & Myck, Michal, 2010. "'Klin'-ing up: Effects of Polish tax reforms on those in and on those out," Labour Economics, Elsevier, vol. 17(3), pages 556-566, June.
    7. Mr. Martin Cihak & Mr. Wim Fonteyne, 2009. "Five Years After: European Union Membership and Macro-Financial Stability in the New Member States," IMF Working Papers 2009/068, International Monetary Fund.
    8. Mr. Martin Schindler, 2009. "The Italian Labor Market: Recent Trends, Institutions, and Reform Options," IMF Working Papers 2009/047, International Monetary Fund.
    9. Pierluigi, Beatrice & Roma, Moreno, 2008. "Labour cost and employment across euro area countries and sectors," Working Paper Series 912, European Central Bank.
    10. International Monetary Fund, 2008. "Republic of Poland: Selected Issues," IMF Staff Country Reports 2008/131, International Monetary Fund.
    11. International Monetary Fund, 2013. "South Africa: 2013 Article IV Consultation," IMF Staff Country Reports 2013/303, International Monetary Fund.
    12. International Monetary Fund, 2009. "Greece: Selected Issues," IMF Staff Country Reports 2009/245, International Monetary Fund.

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