What Goes Up Must Come Down : Cyclicality in Public Wage Bill Spending

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...

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Bibliographic Details
Main Authors:	Eckardt, Sebastian, Mills, Zachary
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ANNUAL GROWTH ATTRITION AUTOMATIC STABILIZERS BILL BILLS BUDGET SURPLUS BUSINESS CYCLE BUSINESS CYCLES CAPITAL FLOWS CENTRAL BANK CONDITIONALITY CONSOLIDATION CONSUMPTION GROWTH CONTROL VARIABLES CROSS-COUNTRY STUDY CYCLICAL ADJUSTMENT DATA AVAILABILITY DEBT DEMAND FOR SERVICES DEPENDENT VARIABLE DEPENDENT VARIABLES DOWNWARD RIGIDITY DUMMY VARIABLE ECONOMIC CONDITIONS ECONOMIC CRISIS ECONOMIC CYCLE ECONOMIC DOWNTURNS ECONOMIC GROWTH ECONOMIC POLICY ECONOMIC SHOCKS EMPLOYMENT GROWTH EMPLOYMENT POLICIES ERROR TERM EXPENDITURE CATEGORIES EXPENDITURE GROWTH EXPENDITURES FINANCIAL CRISIS FISCAL ADJUSTMENTS FISCAL AGGREGATES FISCAL BALANCE FISCAL BALANCES FISCAL CONSOLIDATION FISCAL CONSTRAINTS FISCAL DEFICIT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL MANAGEMENT FISCAL PERFORMANCE FISCAL PERSPECTIVE FISCAL POLICIES FISCAL POLICY FISCAL POSITION FISCAL POSITIONS FISCAL PROJECTIONS FISCAL RULES FISCAL TRANSPARENCY FIXED EFFECTS GOVERNMENT DEFICIT GOVERNMENT EMPLOYEES GOVERNMENT EMPLOYMENT GOVERNMENT EXPENDITURE GOVERNMENT SPENDING GROWTH RATE HEALTH SERVICES HIGH WAGE HOUSING INCOME INCOME GROWTH INFLATIONARY PRESSURES JOB SECURITY LABOR FORCE LOCAL CURRENCY LOCAL GOVERNMENT MACROECONOMIC POLICIES MINISTRY OF FINANCE MONETARY ECONOMICS NOMINAL WAGE NOMINAL WAGES OUTPUT GAP OUTPUT GAPS POLITICAL ECONOMY POLITICAL INSTITUTIONS POLITICIANS POPULATION GROWTH POVERTY REDUCTION PRIMARY OBJECTIVE PRIVATE SECTOR PRIVATE SECTOR WAGES PROGRAMS PUBLIC PUBLIC CHOICE PUBLIC CONSUMPTION PUBLIC ECONOMICS PUBLIC EMPLOYMENT PUBLIC EXPENDITURE PUBLIC FINANCE PUBLIC FINANCES PUBLIC FINANCIAL MANAGEMENT PUBLIC GOODS PUBLIC INVESTMENT PUBLIC INVESTMENT PROGRAMS PUBLIC INVESTMENTS PUBLIC PAY PUBLIC SECTOR PUBLIC SECTOR EMPLOYMENT PUBLIC SECTOR JOBS PUBLIC SECTOR PAY PUBLIC SECTOR WAGE PUBLIC SECTOR WAGE BILL PUBLIC SECTOR WAGE BILLS PUBLIC SECTOR WAGES PUBLIC SECTOR WORKFORCE PUBLIC SECTORS PUBLIC SERVICE PUBLIC SPENDING PUBLIC WAGE RANDOM WALK REAL GROWTH REAL GROWTH RATE REAL WAGE REAL WAGES RECESSIONS REMUNERATION RESOURCE CONSTRAINTS REVENUE COLLECTION ROBUSTNESS CHECKS SERIAL CORRELATION SOCIAL POLICY SOCIAL WELFARE SOCIAL WELFARE SPENDING STANDARD DEVIATION SURPLUS TOTAL EXPENDITURE TOTAL EXPENDITURES TOTAL LABOR FORCE TOTAL PUBLIC SPENDING TOTAL SPENDING TRANSITION ECONOMIES UNEMPLOYMENT UPWARD PRESSURE WAGE BILL WAGE EXPENDITURES WAGE GROWTH WAGE POLICIES WAGE_BILL
Online Access:	http://hdl.handle.net/10986/16817

Internet

http://hdl.handle.net/10986/16817

What Goes Up Must Come Down : Cyclicality in Public Wage Bill Spending

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