Using data on 20 industrial countries for the period 1982 to 2003, this article finds that more active stock markets are likely to lower the unemployment rate. The magnitude of the effect appears to be modest but noticeable. We control for both endogeneity of stock market activity and all major...

Using the results of surveys of senior company managers to measure the strictness of hiring and firing regulation, this article finds that stricter regulation moderately increased unemployment in developing countries over 1992 to 2008.

Using data on 78 countries from 1984 to 2008 and a large number of controls, this article studies the unemployment effect of a major characteristic of the financial system: its level of sophistication, i.e. the variety of financial institutions and instruments available to the economy. It finds...

Using data on 21 industrial countries over 1973 to 2005, this article finds that the liberalization of capital accounts implemented during this period has probably reduced unemployment. The magnitude of the estimated effect is substantial. We control for both endogeneity of capital account...

Using data from 52 developing countries, this article analyses how the size of government affects unemployment. It tackles the reverse causality issue by instrumenting for the government size variable. According to the regression results, a large government sector is likely to increase the...