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Institutional and market frictions impose costs on the reallocation of labor from low to high productivity sectors, leading to suboptimal allocations and a loss in aggregate labor productivity. Using cross-country sector-level data, we use a dynamic panel error correction model to compute the...
Persistent link: https://www.econbiz.de/10011848170
, unemployment benefit systems, and wage bargaining arrangements. In each case, the recent evolution and current state of Italian …
Persistent link: https://www.econbiz.de/10014398640
recovery. In particular, there is strong evidence that the 2012 labor market reforms increased wage flexibility, which helped …
Persistent link: https://www.econbiz.de/10012177582
Persistent link: https://www.econbiz.de/10009615304
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This paper examines the potential contribution of unemployment hysteresis theories to the understanding of the Belgian …
Persistent link: https://www.econbiz.de/10014398156
The aim of this paper is to analyze unemployment and labor market developments in Algeria and assess the factors that … rigid labor market are the main factors behind the still high level of unemployment, particularly among the youth …. Simulation analyses, based on the results on the relation between labor market institutions and unemployment, show that …
Persistent link: https://www.econbiz.de/10014396633
impact on unemployment in the short term, but that this effect rapidly disappears in the medium term in countries with … with more rigid labor market institutions. These effects are even larger for youth unemployment in the short term and long …-term unemployment in the medium term. Conversely, large upfront, or gradual but significant, comprehensive labor …
Persistent link: https://www.econbiz.de/10009572447
Persistent link: https://www.econbiz.de/10009572457
impact on unemployment in the short term, but that this effect rapidly disappears in the medium term in countries with … with more rigid labor market institutions. These effects are even larger for youth unemployment in the short term and long …-term unemployment in the medium term. Conversely, large upfront, or gradual but significant, comprehensive labor market policies have a …
Persistent link: https://www.econbiz.de/10014396963