search query: @indexterm POLITICAL ECONOMY / total: 438
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| Author: | Gaston, N. Rajaguru, G. |
| Title: | The rise (and fall) of labour market programmes: domestic vs. global factors |
| Journal: | Oxford Economic Papers
2008 : OCT, VOL. 60:4, p. 619-648 |
| Index terms: | labour markets employment unemployment political economy government policy globalization models OECD |
| Language: | eng |
| Abstract: | A simple model is provided to illustrate that tax and redistributive considerations and increasing globalization may lead workers unexposed to the threat of unemployment to prefer government spending on active labour market (hereafter as: l-m.) programmes to passive spending, e.g. on unemployment benefits. Using panel data for OECD countries, examined is the relationship btw. active and passive l-m. spending and various controls relevant for analyzing the political economy of l-m. policies. Overall, it is found that domestic concerns, such as government indebtedness, are far more important determinants of l-m. expenditures than global influences. |
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