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The Unemployment Impact of Product and Labour Market Regulation : Evidence from European Countries

Piton, Céline - 2018

This paper provides robust estimates of the impact of both product and labour market regulations on unemployment using data for 24 European countries over the period 1998-2013. Controlling for country-fixed effects, endogeneity and a large set of covariates, results show that product market...

Persistent link: https://www.econbiz.de/10012915739

Is Short-Time Work a Good Method to Keep Unemployment Down?

Cahuc, Pierre - 2011

Short-time work compensation aims at reducing lay-offs by allowing employers to temporarily reduce hours worked while compensating workers for the induced loss of income. These programs are now widespread in the OECD countries, notably following the 2008-2009 crisis. This paper discusses the...

Persistent link: https://www.econbiz.de/10013131173

Employment to Output Elasticities & Reforms Towards Flexicurity : Evidence from OECD Countries

Görg, Holger - 2018

How do labour market policies influence employment's responsiveness to output fluctuations (employment-output elasticity)? We revisit this question on a panel of OECD countries, which also incorporates the period of the Great Recession. We distinguish between passive and active labour market...

Persistent link: https://www.econbiz.de/10012906470

Labor Market Institutions and Long-Term Effects of Youth Unemployment

Kawaguchi, Daiji - 2014

Graduating from a school during a time of adverse economic conditions has a persistent, harmful effect on workers' subsequent employment opportunities. An analysis of panel data from OECD countries during the 1960-2010 periods reveals that a worker who experiences a one-percentage-point higher...

Persistent link: https://www.econbiz.de/10013054575

Counteracting Unemployment in Crises : Non-Linear Effects of Short-Time Work Policy

Gehrke, Britta - 2018

Short-time work is a labor market policy that subsidizes working time reductions among firms in financial difficulty to prevent layoffs. Many OECD countries have used this policy in the Great Recession. This paper shows that the effects of short-time work are strongly time dependent and...

Persistent link: https://www.econbiz.de/10012920449

Labour Market Institutions, Technology and Rent Sharing

Fukao, Kyoji - 2020

In this paper we analyse how labour market institutions and technology affect wagedetermination through rent sharing. To this aim we first extend the theoretical frameworkof Estevao and Tevlin (2003) to account for heterogeneity of labour (regular and non-regularworkers). The predictions of the...

Persistent link: https://www.econbiz.de/10012836559

Product Market Regulation, Firm Size, Unemployment and Informality in Developing Economies

Charlot, Olivier - 2011

formal sector wage premium. The opposite is true for labor market regulation. Finally, we show that the so-called overhiring …

Persistent link: https://www.econbiz.de/10013129903

Employment Protection, Product Market Regulation and Firm Selection

Koeniger, Winfried; Prat, Julien - 2021

This paper analyzes the effect of labor and product market regulation in a dynamic stochastic equilibrium with search …-and-firing (intensive) margin. We characterize analytically how both margins depend on regulation before we calibrate the model to the US … through firm selection. Finally, the opposite effect of product and labor market regulation on job turnover rationalizes the …

Persistent link: https://www.econbiz.de/10013317674

Are Unemployment Rates in OECD Countries Stationary? Evidence from Univariate and Panel Unit Root Tests

Khraief, Naceur - 2016

This paper revisits the dynamics of unemployment rate for 29 OECD countries over the period of 1980-2013. Numerous empirical studies of the dynamics of unemployment rate are carried out within a linear framework. However, unemployment rate can show nonlinear behaviour as a result of business...

Persistent link: https://www.econbiz.de/10013002448

Simplified Implementation of the Heckman Estimator of the Dynamic Probit Model and a Comparison with Alternative Estimators

Stewart, Mark B. - 2007

This paper presents a convenient shortcut method for implementing the Heckman estimator of the dynamic random effects probit model using standard software. It then compares the three estimators proposed by Heckman, Orme and Wooldridge based on three alternative approximations, first in an...

Persistent link: https://www.econbiz.de/10012775847

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