TY - BOOK ID - 84541452 TI - Policy Complementarities : The Case for Fundamental Labor Market Reform AU - Snower, Dennis. AU - Coe, David. PY - 1996 SN - 146239132X 1455240435 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Aggregate Human Capital KW - Aggregate Labor Productivity KW - Demand and Supply of Labor: General KW - Employment KW - Expenditure KW - Income economics KW - Intergenerational Income Distribution KW - Labor market KW - Labor markets KW - Labor KW - Labour KW - Plant Closings KW - Public finance & taxation KW - Public Finance KW - Severance Pay KW - Unemployment benefits KW - Unemployment Insurance KW - Unemployment insurance KW - Unemployment rate KW - Unemployment KW - Unemployment: Models, Duration, Incidence, and Job Search KW - Wages KW - Wages, Compensation, and Labor Costs: General KW - United States UR - https://www.unicat.be/uniCat?func=search&query=sysid:84541452 AB - This paper argues that an important group of labor market policies are complementary in the sense that the effect of each policy is greater when implemented in conjunction with the other policies than in isolation. This may explain why the diverse, piecemeal labor market reforms in many European countries in recent years have had so little success in reducing unemployment. What is required instead is deeper labor market reforms across a broader range of complementary policies and institutions. To be politically feasible, these reforms must be combined with measures to address distributional issues. ER -