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Optimal and Sub-optimal Retrenchment Schemes: An Analytical Framework.” Policy Research

By Anat Levy and Richard P. Mclean ¤y


Major economic reforms often require a retrenchment of the public sector, sometimes necessitating massive layo®s followed by a reallocation within and across labor sectors. Excessive size of the public sector is a problem in many countries. Oversta±ng usually a®ects some very large uni¯ed agencies like health and education, but it als

Year: 1997
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