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        What Goes up Must Come Down — Cyclicality in Public Wage Bill Spending
        What Goes up Must Come Down — Cyclicality in Public Wage Bill Spending
        What Goes up Must Come Down — Cyclicality in Public Wage Bill Spending
        What Goes up Must Come Down — Cyclicality in Public Wage Bill Spending
        What Goes up Must Come Down — Cyclicality in Public Wage Bill Spending
        What Goes up Must Come Down — Cyclicality in Public Wage Bill Spending
        What Goes up Must Come Down — Cyclicality in Public Wage Bill Spending
        What Goes up Must Come Down — Cyclicality in Public Wage Bill Spending
        What Goes up Must Come Down — Cyclicality in Public Wage Bill Spending
        What Goes up Must Come Down — Cyclicality in Public Wage Bill Spending
        What Goes up Must Come Down — Cyclicality in Public Wage Bill Spending
        What Goes up Must Come Down — Cyclicality in Public Wage Bill Spending
        What Goes up Must Come Down — Cyclicality in Public Wage Bill Spending
        What Goes up Must Come Down — Cyclicality in Public Wage Bill Spending
        What Goes up Must Come Down — Cyclicality in Public Wage Bill Spending
        What Goes up Must Come Down — Cyclicality in Public Wage Bill Spending
        What Goes up Must Come Down — Cyclicality in Public Wage Bill Spending
        What Goes up Must Come Down — Cyclicality in Public Wage Bill Spending
        What Goes up Must Come Down — Cyclicality in Public Wage Bill Spending
        What Goes up Must Come Down — Cyclicality in Public Wage Bill Spending
        What Goes up Must Come Down — Cyclicality in Public Wage Bill Spending
        What Goes up Must Come Down — Cyclicality in Public Wage Bill Spending
        What Goes up Must Come Down — Cyclicality in Public Wage Bill Spending
        What Goes up Must Come Down — Cyclicality in Public Wage Bill Spending
        What Goes up Must Come Down — Cyclicality in Public Wage Bill Spending
        What Goes up Must Come Down — Cyclicality in Public Wage Bill Spending
        What Goes up Must Come Down — Cyclicality in Public Wage Bill Spending
        What Goes up Must Come Down — Cyclicality in Public Wage Bill Spending

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        What Goes up Must Come Down — Cyclicality in Public Wage Bill Spending

        ABSTRACT

        This paper analyzes the cyclicality of public sector wage bill spending in Europe and Central Asia and assesses the impact of wage bill spending on fiscal discipline before, during, and after the global financial crisis of 2008/09. While there are important differences across countries, the results show that public sector wage bill spending tends to behave strongly pro-cyclically, especially in transition economies. Moreover, while wage bill spending is pro-cyclical during both good and bad times, adjustments during economic downturns tend to be sharper than expansions during periods of economic booms.

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        DOCUMENT INFO

        • TypeReport, Research Paper
        • PriceFree
        • FormatPDF
        • Size1.27 MB
        • LanguageEnglish
        • Stacks0
        • Postedalmost 4 years ago
        • Authored-
        • Added byHashdoc Content Review
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