The Fiscal and Macroeconomic Effects of Government Wages and Employment Reform

Pérez, Javier J.; Aouriri, Marie; Campos, Maria Manuel; Celov, Dmitrij; Depalo, Domenico; Papapetrou, Evangelia; Pesliakaite, Jurga; Magdaleno, Roberto Ramos; Vives, Marta Rodríguez

doi:10.2139/ssrn.2849399

Cited by 9 publications

(6 citation statements)

References 63 publications

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“…Our work is related to a few recent articles. On the empirical side, our results are consistent with the recent findings of Pérez et al (2016), who show that while government wage and employment reforms have adverse short-term effects, such measures can yield medium-to long-term benefits due to possible competitiveness gains, through spillover effects on private-sector wages, and efficiency gains, through their impact on labor market dynamics. Another related paper is the empirical work of Lamo, Moral-Benito, and Pérez (2016), who find that the contractionary effects of employment cuts appear more damaging for the Spanish economy than those of wage cuts.…”

Section: Bsupporting

confidence: 91%

Fiscal Consolidation in a Low Inflation Environment: Pay Cuts Versus Lost Jobs

et al. 2016

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We construct a model of a monetary union to study fiscal consolidation in the periphery of the euro area, through cuts in public-sector wages or hiring when the nominal interest rate is constrained at its lower bound. Consolidation induces a positive wealth effect that increases demand, as well as a reallocation of workers towards the private sector, which together boost private activity. However, in a low-inflation environment, demand is suppressed and the private sector is * We would like to thank the editor, L. Reichlin, and an anonymous referee for their comments, as well as A. Trigari for the insightful discussion. We are also grateful for comments to R. Wouters and other participants in the International Journal of Central Banking Research Conference 2017 and in the "Fiscal Policy after the Crisis" workshop organized by the European Commission. We would also like to thank A

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Section: Bsupporting

confidence: 91%

Fiscal Consolidation in a Low Inflation Environment: Pay Cuts Versus Lost Jobs

et al. 2016

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“…Moreover, we find evidence that the recent evolution of the pay gap is explained by the process of fiscal consolidation, rather than by the changes in the factors with explanatory power in the cross section; see Section 3.2. 28 See Appendix IIIa of Pérez JJ et al (2016). 29 Kaufmann et al (2010) note that the Worldwide Governance Indicators use reasonably comparable methodologies over time, then the indicators can be meaningfully compared both across countries and over time.…”

Section: Endnotesmentioning

confidence: 99%

Understanding the public sector pay gap

et al. 2017

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We uncover the short-and long-run structural determinants of the existing cross-country heterogeneity in public-private pay differentials for a broad set of OECD countries. We explore micro data (EU-SILC, 2004-2012 and macro data . Three results stand out. First, when looking at pay gaps based on individual data, more than half of the cross-sectional variation of the sample can be accounted for by the degree of exposure to international competition, as well as by the size of the public sector labor force and its composition (i.e., the intensity in the provision of pure public goods), while labor market institutions play a very limited role. Second, we find that in some countries, pay gaps have narrowed down significantly during the recent financial crisis, this decrease being explained by the widespread process of fiscal consolidation rather than by changes in the previous factors. Third, we show that in the log run, openness to international trade and improvements in the institutional quality of governments are associated with decreases in the public-private wage gap. Our findings can be rationalized by a body of research stressing noncompetitive wage settlements in the public sector. JEL Classification: J31, J45, H50

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“…Este proceso se encuentra asociado, en gran parte, a la expansión del estado del bienestar, los servicios públicos y las transferencias competenciales a las CCAA. En los primeros años de la crisis económica reciente, entre 2009 y 2011 se produjo un aumento del número de empleados públicos, a diferencia de lo ocurrido en la mayoría de los países de nuestro entorno (Pérez et al, 2016). La intensificación de las restricciones a partir de 2010 llevó a que el empleo público se redujera en 2012 y 2013, y se estabilizara en 2014.…”

Section: Resultados A) Número De Empleados Públicosunclassified

Retos de futuro en la gestión de los recursos humanos públicos en Brasil y España

Nebot¹

2019

Adm. Púb. e Gest. Social

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O objetivo deste trabalho é conhecer os desafios futuros que os países enfrentam na gestão de recursos humanos públicos, com base na experiência espanhola. As atuais políticas públicas cada vez mais complexas, interligadas, voláteis e fragmentadas aliadas às novas ferramentas tecnológicas tornam cada vez mais necessário um novo perfil de servidores públicos, funcionários que devem ser inovadores, com orientação estratégica, flexíveis, criativos e motivados. Para isso, é necessário modificar tanto os sistemas para a seleção de novos talentos quanto para o treinamento dos existentes, e é isso que muitos especialistas estão pedindo. É importante, portanto, que seja utilizada uma gestão estratégica dos recursos humanos, gestão que deve levar em conta as características especiais do público.Palavras-chave: gestão de pessoas, seleção, formação.

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The Fiscal and Macroeconomic Effects of Government Wages and Employment Reform

Cited by 9 publications

References 63 publications

Fiscal Consolidation in a Low Inflation Environment: Pay Cuts Versus Lost Jobs

Fiscal Consolidation in a Low Inflation Environment: Pay Cuts Versus Lost Jobs

Understanding the public sector pay gap

Retos de futuro en la gestión de los recursos humanos públicos en Brasil y España

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