Papers by Sebastian Eckardt
Policy Research Working Papers, 2014
This paper analyzes the cyclicality of public sector wage bill spending in Europe and Central Asi... more 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. In addition, there is evidence of political cycles, with stronger wage bill growth in pre-election periods.
The Inverting Pyramid:Pension Systems Facing Demographic Challenges in Europe and Central Asia, 2014
The Inverting Pyramid:Pension Systems Facing Demographic Challenges in Europe and Central Asia, 2014
The Inverting Pyramid:Pension Systems Facing Demographic Challenges in Europe and Central Asia, 2014
The Inverting Pyramid:Pension Systems Facing Demographic Challenges in Europe and Central Asia, 2014
Advanced Functional Materials, 2013
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Papers by Sebastian Eckardt