The Costs of Flexibility‑Enhancing Structural Reforms: A Literature Review
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This survey highlights the key results of the empirical literature concerning the costs of flexibility enhancing reforms in product and labour markets. The documented costs include reduced employment, loss of government revenue, undesirable distributional consequences and political instability. The literature suggests that: i) once implemented,...
