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-country variation in the rigidity of employment protection legislation. However, the supporting evidence is largely confined to levels … introduces a new index capturing the rigidity of employment protection legislation (LAMRIG) for an unbalanced panel of more than … rigidity do not systematically affect economic growth but do lower income inequality. -- employment protection legislation …
Persistent link: https://www.econbiz.de/10009629025
This paper explores the short-term employment effect of deregulating job protection forregular workers and how it … of sectoral employment to largejob protection deregulation shocks depend crucially on the state of the economy at the …
Persistent link: https://www.econbiz.de/10012929932
implementation of four strategies: First, investive social transfers, in particular by establishing a European Fund for Employment …
Persistent link: https://www.econbiz.de/10010357609
How do labour market policies influence employment's responsiveness to output fluctuations (employment … takes place. Finally, we evaluate the effect of a move to 'flexicurity' on the employment-output elasticity in each country …
Persistent link: https://www.econbiz.de/10012906470
Ten years ago we presented a modified version of Okun’s law for the biggest developed economies and reported its excellent predictive power. In this study, we revisit the original models using the estimates of real GDP per capita and unemployment rate between 2010 and 2019. The initial results...
Persistent link: https://www.econbiz.de/10013241685
This paper develops an overlapping-generations model characterized by endogenous growth, unemployment, and pollution. The paper focuses on the replacement ratio, which measures the proportion of after-tax work earnings replaced by unemployment benefits, and considers a replacement-ratio-neutral...
Persistent link: https://www.econbiz.de/10012751705
This paper examines the impact of labour and product market reforms on economic growth in 25 OECD countries between 1985 and 2013, and tests whether this impact is conditioned by the fiscal policy stance, i.e. whether there are fiscal expansions or adjustments. Our local projection results...
Persistent link: https://www.econbiz.de/10012829322
It is commonly argued that labor market institutions such as employment protection worsen an economy's performance and … negative correlation between employment protection and growth. We show in a model with step-by-step innovations that whether … employment protection decreases incentives to innovate and thus productivity growth depends on the degree of product market …
Persistent link: https://www.econbiz.de/10013320443
This paper examines the impact of labour and product market reforms on economic growth in 25 OECD countries between 1985 and 2013, and tests whether this impact is conditioned by the fiscal policy stance, i.e. whether there are fiscal expansions or adjustments. Our local projection results...
Persistent link: https://www.econbiz.de/10012238489
We have modeled the employment/population ratio in the largest developed countries. Our results show that the evolution … of the employment rate since 1970 can be predicted with a high accuracy by a linear dependence on the logarithm of real … units. Statistically, the link between measured and predicted rate of employment is characterized by the coefficient of …
Persistent link: https://www.econbiz.de/10014179652