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- W2184632011 abstract "We investigate the role of adjustments in the public wage bill on the success of scal consolidation processes and its impact on private sector aggregates. For this purpose, we exploit a panel of OECD countries over the 1980-2007 period. Based on Bayesian Model Averaging methods, we rst identify cuts in the public wage bill (in terms of both compensation per employee and number of employees) as the most robust determinant of successful scal consolidations. Second, using cross-country panel regressions we nd that the impact" @default.
- W2184632011 created "2016-06-24" @default.
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- W2184632011 date "2014-01-01" @default.
- W2184632011 modified "2023-09-27" @default.
- W2184632011 title "The Role of Public Wages in Fiscal Consolidation Processes" @default.
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