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Public Enterprises and Labor Market Performance

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  • Johannes Hörner
  • L. Rachel Ngai
  • Claudia Olivetti

Abstract

This paper shows that state control of some industries may have contributed to theincrease in European unemployment from the 1970s to the early 1990s. We develop asimple model with both publicly-run and privately-run enterprises and show that wheneconomic turbulence increases, higher unemployment rates may result in economies thathave a larger public sector.

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Bibliographic Info

Paper provided by Centre for Economic Performance, LSE in its series CEP Discussion Papers with number dp0610.

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Date of creation: Jan 2004
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Handle: RePEc:cep:cepdps:dp0610

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Web page: http://cep.lse.ac.uk/_new/publications/series.asp?prog=CEP

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Keywords: European Unemployment; Public Sector Employment;

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Citations

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Cited by:
  1. Ardagna, Silvia, 2007. "Fiscal policy in unionized labor markets," Journal of Economic Dynamics and Control, Elsevier, vol. 31(5), pages 1498-1534, May.
  2. Jean-Baptiste Michau, 2013. "Unemployment Insurance And Cultural Transmission: Theory And Application To European Unemployment," Journal of the European Economic Association, European Economic Association, vol. 11(6), pages 1320-1347, December.
  3. Pascal Michaillat, 2012. "Fiscal Multipliers over the Business Cycle," CEP Discussion Papers dp1115, Centre for Economic Performance, LSE.
  4. Ardagna, Silvia, 2007. "Fiscal Policy in Unionized Labor Markets," Scholarly Articles 2580048, Harvard University Department of Economics.

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