Oxford University Press's
Academic Insights for the Thinking World

  • Author: Patrick Emmenegger

Why are structural reforms so difficult?

In times of economic crisis, politicians and analysts alike are typically quick to call for structural reforms to stimulate economic growth. Job security regulations are often identified as a policy area in need of such reforms. These regulations restrict the managerial capacity to dismiss employees to allow for downsizing or to replace workers and use new forms of employment such as fixed-term contracts when hiring new workers.

Read More