Working Paper Series, Department of Economics, Copenhagen Business School
Ole Risager and Chang-Po Yang
ON THE EFFECTS OF REDUCING THE GOVERNMENT`S ROLE IN THE LABOUR MARKET: A STYLIZED MODEL FOR EGYPT WITH SOME NUMERICAL POLICY EXAMPLES
Abstract: This paper analyzes the consequences of pursuing a less
employment stabilization policy strategy in Egypt.
On the basis of a fairly stylized model we
find that a reduction of the
Government’s involvement in the economy along with an
mild but binding firing regulations in the private sector may lead to a
rise in total
employment and to an improvement in Egypt’s trade balance
vis-à-vis the rest of the world.
Keywords: Uncertain environment; Job security; Countercyclical government intervention with lifetime employment guarantees; Wages; Employment; Labour market; Egypt; (follow links to similar papers)
JEL-Codes: J40; (follow links to similar papers)
20 pages, February 1, 1999
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