Arbeitspapier
Labor market institutions and macroeconomic volatility in a panel of OECD countries
In this paper we analyze empirically how labor market institutions influence business cycle volatility in a sample of 20 OECD countries. Our results suggest that countries characterized by high union density tend to experience more volatile movements in output, whereas the degree of coordination of the wage bargaining system and strictness of employment protection legislation appear to play a limited role for output volatility. We also find some evidence suggesting that highly coordinated wage bargaining systems have a dampening impact on inflation volatility.
- Language
-
Englisch
- Bibliographic citation
-
Series: ECB Working Paper ; No. 1005
- Classification
-
Wirtschaft
Price Level; Inflation; Deflation
Business Fluctuations; Cycles
- Subject
-
business cycles
inflation
labor market institutions
Konjunktur
Inflation
Volatilität
Arbeitsmarktpolitik
Arbeitsbeziehungen
OECD-Staaten
- Event
-
Geistige Schöpfung
- (who)
-
Rumler, Fabio
Scharler, Johann
- Event
-
Veröffentlichung
- (who)
-
European Central Bank (ECB)
- (where)
-
Frankfurt a. M.
- (when)
-
2009
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Rumler, Fabio
- Scharler, Johann
- European Central Bank (ECB)
Time of origin
- 2009
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