| Description |
1 online resource (25 pages) : color illustrations |
| Series |
IMF working paper ; WP/14/153 |
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IMF working paper ; WP/14/153.
|
| Contents |
Cover; Abstract; Contents; I. Introduction; II. What is the Structural Level of Unemployment?; A. Estimating the Structural Component of the Unemployment Rate; Empirical Framework; Results; B. Is Structural Unemployment Really That High? Robustness Checks; Historical Experience, Real Wage Behavior, and Other Independent Forecasts; Evidence from the Beveridge Curve; Evidence from the Okun Relationship; III. What Explains the High Level of Structural Unemployment in the Baltics?; A. Traditional Factors-Labor Market Characteristics; B. Non-Traditional Factors; Are Skill Mismatches a Factor? |
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What Role Does Migration Play?IV. Conclusions and Policy Recommendations; V. References |
| Summary |
While the unemployment rate in the Baltics has fallen sharply from its crisis-peaks, it remains close to double digits. This paper estimates the structural component of the jobless rate in the three Baltic countries and analyzes its causes. Our main findings are that the current still elevated levels of unemployment mostly reflect structural factors. We then turn to why structural unemployment is so high. This paper points to skill mismatches, high tax wedges, and unemployment and inactivity traps as potential causes. --Abstract |
| Bibliography |
Includes bibliographical references (page 24) |
| Notes |
"August 2014"--Page 2 of pdf |
|
"European Department "--Page 2 of pdf |
|
Online resource; title from pdf title page (IMF.org Web site, viewed on August 20, 2014) |
| Subject |
Unemployment -- Baltic States
|
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Structural unemployment -- Baltic States
|
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Labor market -- Baltic States
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Labor market
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Structural unemployment
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Unemployment
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Baltic States
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| Form |
Electronic book
|
| Author |
Everaert, G. (Greetje), author.
|
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International Monetary Fund. European Department, issuing body.
|
| ISBN |
9781498314060 |
|
1498314066 |
|
