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Labor market flexibility and unemployment: new empirical evidence of static and dynamic effects

"The aim of this paper is to analyze the relationship between labor market flexibility and unemployment outcomes. Using a panel of 97 countries from 1985 to 2008, the results of the paper suggest that improvements in labor market flexibility have a statistically and significant negative impact...

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Bibliographic Details
Main Authors: Bernal-Verdugo, Lorenzo E., Furceri, Davide, Guillaume, Dominique
Institution:ETUI-European Trade Union Institute
Format: TEXT
Language:English
Published: Washington, DC 2012
IMF
Subjects:
economic recession
labour market flexibility
labour market reform
statistics
unemployment
OECD countries
Online Access:https://www.labourline.org/KENTIKA-19135534124919537169-Labor-market-flexibility-and-u.htm
Description
Summary:"The aim of this paper is to analyze the relationship between labor market flexibility and unemployment outcomes. Using a panel of 97 countries from 1985 to 2008, the results of the paper suggest that improvements in labor market flexibility have a statistically and significant negative impact on unemployment outcomes (over unemployment, youth unemployment and long-term unemployment). Among the different labor market flexibility indicators analyzed, hiring and firing regulations and hiring costs are found to have the strongest effect."
Physical Description:27 p.
Digital

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