6533b872fe1ef96bd12d3a0a
RESEARCH PRODUCT
Labor Market Flexibility and Unemployment: New Empirical Evidence of Static and Dynamic Effects
Dominique M. GuillaumeDavide FurceriLorenzo E. Bernal-verdugosubject
Western hemisphereEconomics and EconometricsLabour economicsYouth unemploymentmedia_common.quotation_subjectlabor market unemploymentInstitutional economicsPlanned economyFlexibility (personality)State ownershipUnemploymentEconomicsGeneral Earth and Planetary SciencesProduction (economics)Emerging marketsEmpirical evidenceConsumption Saving Production Employment and Investment: Other Mobility Unemployment and Vacancies: General Analysis Of Collective Decision-making [Financial crises;Cross country analysis;Labor markets;OECD;Unemployment;Labor market flexibility reforms labor market flexibility labor market institutions unemployment outcomes Macroeconomics]General Environmental ScienceCross country analysismedia_commondescription
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.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2012-01-01 | Comparative Economic Studies |