Distributional Implications Of Labor Market Reforms Learning From Spain S Experience
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Distributional Implications of Labor Market Reforms: Learning from Spain's Experience
Author: Ara Stepanyan
language: en
Publisher: International Monetary Fund
Release Date: 2020-02-13
Spain’s structural reforms, implemented around 2012, have arguably contributed to a faster and stronger economic recovery. In particular, there is strong evidence that the 2012 labor market reforms increased wage flexibility, which helped the Spanish economy to regain competitiveness and create jobs. But the impact of these labor reforms on income inequality and social inclusion has not been analyzed much. This paper aims to shed light on this issue by employing an econometric decomposition procedure combined with the synthetic control method. The results indicate that the 2012 labor reforms have helped improve employment and income equality outcomes with no substantial impact on the overall risk of poverty. Nevertheless, the reforms appear to have induced a deterioration of average hours worked, in-work poverty, and possibly also of involuntary part-time employment.
Portuguese Economic Development and External Funding in the Modern Era
Author: Nuno Cunha Rodrigues
language: en
Publisher: Liverpool University Press
Release Date: 2021-10-27
After World War II, with the triumph of multilateralism, several international organizations were created, including two which would be of special importance for the external funding of the Portuguese economy in the second half of the twentieth century and in the early twenty-first. The European Union and the International Monetary Fund have been responsible for providing large amounts of funding, both in periods of economic development and during times of financial crisis. This contributory volume provides a thorough analysis on specific case studies: the Marshall Plan (1949-1952); the three IMF interventions (in the seventies, eighties and the 2011 bailout); the implementation of the first EU funds Portugal received prior to accession; and the debate on the new framework for European funds for the period 2021-2027. These case study analyses provide an overview of the legal, economic and financial implications that such external funding has on the country at different times and in different economic contexts. Of particular import at all times is the public finance legal framework, and this is especially the case for the new European funding structures, which has attracted some criticism. And for any future IMF financial assistance and its political implementation implications. Portuguese Economic Development and External Funding in the Modern Era provides important insights into economic development, crisis management, financial assistance and European investment funds. While the work is Portuguese-centred, the topics investigated and the means of analysis adopted are applicable to other countries. This is the first book to address economic development and external funding, and it will inevitably be used as a template for future research.
Grievances and Public Protests
This book sheds light on the role that grievances play for mobilisation dynamics in a context of material deprivation. Why do people protest? To what extent do grievances account for the varying size of protest events over time? Covering different levels of analysis, the author argues that effects of socioeconomic aspects (both objective-material deprivation and subjective-attitudinal grievances) are mediated by political attitudes, especially political dissatisfaction. He develops a framework to account for the dynamics, trajectory and timing of the cycle of contention that unfolded in Spain in the shadow of the Great Recession, contributing not only to the field of social movement studies but to our broader understanding of European politics, political sociology, political economy and economic sociology.