Labor Market Flexibility and Unemployment: New Empirical Evidence of Static and Dynamic Effects

被引:0
|
作者
Bernal-Verdugo, Lorenzo E. [1 ]
Furceri, Davide [2 ,3 ]
Guillaume, Dominique [2 ]
机构
[1] Univ Chicago, 1126 E 59th St, Chicago, IL 60637 USA
[2] Int Monetary Fund, Washington, DC 20431 USA
[3] Univ Palermo, IMF, Washington, DC 20431 USA
关键词
labor market; flexibility; unemployment;
D O I
10.1057/ces.2012.3
中图分类号
F [经济];
学科分类号
02 ;
摘要
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.
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页码:251 / 273
页数:23
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