Finland: Selected Issues

February 7, 2005

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Format: Chicago

Finland: Selected Issues, (USA: International Monetary Fund, 2005) accessed November 23, 2024

Summary

The Selected Issues paper on Finland underlies public finances and structural reform. The structural reforms encompassing labor and product markets as well the pension system would substantially improve the outlook for fiscal sustainability. Reductions in labor and product market inefficiencies is estimated, on the basis of a staff computable general equilibrium model, to raise output and employment significantly while reducing the price level. Additional pension reforms could further increase employment, boost economic growth, and improve public finances, as could improved expenditure efficiency, thereby creating room for further reductions in labor income taxation.

Subject: Aging, Commodity markets, Employment, Financial markets, Labor, Labor market reforms, Labor markets, Population and demographics

Keywords: Aging, Commodity markets, CR, Employment, Global, Government, ISCR, Labor market inefficiency, Labor market reforms, Labor markets, Markup, Product market, Product market reform, Product market rigidity, Retirement age, Simultaneous product market, Unemployment rate, Wage

Publication Details

Pages:

34
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/036
Stock No:

1FINEA2005002
ISBN:

9781451813241
ISSN:

1934-7685

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