THE ROLE OF FISCAL POLICY IN REDUCING UNEMPLOYMENT
DOI:
https://doi.org/10.37547/Keywords:
Unemployment, Fiscal Policy, Economic Growth, Labor Market, TaxesAbstract
Reducing unemployment to ensure economic growth and stability is a priority for all countries today. Various policies and reforms can help lower unemployment in the short term, and also address high natural rates of unemployment in the medium term. This article examines key strategies, such as reducing non-wage labor costs, expanding active labor market programs, and redesigning wage benefit systems.
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References
Benassy-Quere, A. (2010). Economic Policy: Theory and Practice. New York: Oxford University Press.
Tanzi, V. (2006). Fiscal Policy, When Theory Collides with Reality. Italy: Centre for European Policy Studies.
The Fiscal Affairs Department. (2016). Fiscal Policy and Employment in Advanced and Emerging Economies. Washington, D.C.: International Monetary Fund.
International Labour Organization. (2024). Global unemployment rate set to increase in 2024 while growing social inequalities raise concerns, says ILO report. Retrieved from https://www.ilo.org/resource/news/global-unemployment-rate-set-increase-2024-while-growing-social
Statista. (n.d.). Uzbekistan: Unemployment rate from 2004 to 2023. Retrieved from https://www.statista.com/statistics/809064/unemployment-rate-in-uzbekistan/
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