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- W1874116688 abstract "Economic policies shape how much people earn but also how stable their income and jobs are. The levelof earnings and the degree of economic stability both matter for well-being. Micro-level data indicate that,across OECD countries, economic instability is much greater at the level of individuals than at theaggregate level. The present study investigates the effects on micro-level stability of policies that boostgrowth. Movement from less to more productive processes and firms is at the heart of economic growth,which suggests possible trade-offs between growth and micro-level stability. The analysis indeed findspolicy changes that boost growth but increase micro-level instability: reducing the progressivity or size ofsocial transfers (including unemployment benefits) as well as moving from very to moderately tightrestrictions on the competition for goods and services and on the dismissal of regular workers. However,the analysis also uncovers that moving to highly competitive policies generally reduces micro-levelinstability." @default.
- W1874116688 created "2016-06-24" @default.
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- W1874116688 date "2015-04-01" @default.
- W1874116688 modified "2023-09-28" @default.
- W1874116688 title "Effects of Pro-Growth Policies on the Economic Stability of Firms, Workers and Households" @default.
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- W1874116688 doi "https://doi.org/10.1787/5js3777tdqjf-en" @default.
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