European Parliament Library

Public employment and compensation reform during times of fiscal consolidation, Lorenzo Forni and Natalija Novta

Label
Public employment and compensation reform during times of fiscal consolidation, Lorenzo Forni and Natalija Novta
Language
eng
Bibliography note
Includes bibliographical references
Illustrations
illustrations
Index
no index present
Literary Form
non fiction
Main title
Public employment and compensation reform during times of fiscal consolidation
Nature of contents
dictionariesbibliography
Responsibility statement
Lorenzo Forni and Natalija Novta
Series statement
IMF Working Paper, 14/192
Summary
This paper compiles and compares recent and past measures introduced to contain the public wage bill in a number of emerging and advanced economies to assess their effectiveness in bringing down expenditure in a sustained way. In the aftermath of the Great Recession a number of countries have approved measures on the wage bill as part of fiscal consolidation efforts. These recent episodes are compared to past cases implemented in advanced economies over the period 1979-2009. Findings suggest that public wage bill consolidation episodes pre and post 2009 are similar in many respects. Moreover,
Table Of Contents
Cover; Contents; I. Introduction; II. Trends in Public Sector Compensation and Employment; Figures; 1. General Government Wage Bill, Employment, and Average Wage, 2010; III. Literature Review; 2. General Government Wage Bill as a Share of GDP and of Expenditures; 3. Employment as a Share of Total Populatulation; IV. Episodes of Public Employment and Compensation Reform; Box; 1. Structural Measures and Social Dialogue; A. Historical Episodes; B. Recent Episodes; V. Results and Stylized Facts; A. How different are the Historical and Recent Episodes?4. Comparison of Historical and Recent Wage Bill Consolidation EpisodesB. What Types of Measures are Associated with More Sustained Wage Bill Reductions among Historical Episodes?; Table; 1. Structural Measures and Social Dialogue Across Episodes; 5. Structural Versus Non-Structural Measures: Cumulative Change in the Public Wage Bill Ten Years After the First Year of Measures; 6. Structural Versus Non-Structural Measures: Cumulative Change in Public Employment7. Social Dialogue Versus Little Social Dialogue: Cumulative Change in the Public Wage Bill Ten Years After the First Year of MeasuresC. Preliminary Results on Recent Episodes; 8. Social Dialogue Versus Little Social Dialogue: Cumulative Change in Public Employment; 9. Structural Versus Non-Structural Measures, Recent Episodes: Cumulative Change in the Public Wage Bill Ten Years after the First Year of Measures; 10. Social Dialogue Versus Little Social Dialogue, Recent Episodes: Cumulative Change in the Public Wage Bill Three Years after the First Year of Measures; VI. ConclusionAppendix Tables1. Historical Episodes of Wage Bill Reduction (1979-2009); 2. Recent Episodes of Wage Bill Reduction (2009-13); References