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Public Employment and Compensation Reform During Times of Fiscal Consolidation.pdf

Public Employment and Compensation Reform During Times of Fiscal Consolidation false
By:Lorenzo Forni,Natalija Novta
Published on 2014-10-23 by International Monetary Fund


This paper compiles and compares recent and past measures introduced to contain the public wage bill in a number of emerging and advanced economies to assess their effectiveness in bringing down expenditure in a sustained way. In the aftermath of the Great Recession a number of countries have approved measures on the wage bill as part of fiscal consolidation efforts. These recent episodes are compared to past cases implemented in advanced economies over the period 1979–2009. Findings suggest that public wage bill consolidation episodes pre and post 2009 are similar in many respects. Moreover, typically countries that were able to achieve more sustained reductions in the wage bill have implemented to larger extent structural measures, and/or these measures were accompanied with substantial social dialogue and consensus.

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Book which was published by International Monetary Fund since 2014-10-23 have ISBNs, ISBN 13 Code is 9781498380324 and ISBN 10 Code is 1498380328

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Public Employment and Compensation Reform During Times of Fiscal Consolidation -Lorenzo Forni,Natalija Novta- 9781498380324

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