Drivers and effects of labour market reforms: Evidence from a novel policy compendium

Artikel

The paper analyses the determinants and short-term effects of labour market reforms, using information from a novel policy compendium that covers 110 developed and developing economies between 2008 and 2014. We find that the approval of reforms is positively associated with the unemployment rate, the simultaneous implementation of fiscal consolidation measures and the presence of a fixed exchange rate regime. Differences in the results are explored by looking at the direction of reforms (i.e. increasing or decreasing legislation), temporal horizon (i.e. temporary or permanent measures) and coverage (i.e. complete or two-tier reforms); while also analysing separately reforms' determinants across domains of labour legislation (e.g. permanent contracts, collective dismissals). Finally, we find that deregulatory labour market reforms tend to increase the unemployment rate in the short run when they are approved during contractionary periods-while they have a non-significant effect when approved during periods of economic stability or expansion.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: IZA Journal of Labor Policy ; ISSN: 2193-9004 ; Volume: 5 ; Year: 2016 ; Issue: 15 ; Pages: 1-32 ; Heidelberg: Springer

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Demand and Supply of Labor: General ; Dispute Resolution: Strikes, Arbitration, and Mediation; Collective Bargaining ; Wages, Compensation, and Labor Costs: Public Policy ; Particular Labor Markets: Public Policy ; Labor-Management Relations, Trade Unions, and Collective Bargaining: Public Policy ; Labor Law
• Thema: Labour market reforms ; Employment protection legislation ; Unemployment ; Developed economies ; Developing economies

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Adascalitei, Dragos ; Pignatti Morano, Clemente
• Ereignis: Veröffentlichung
• (wer): Springer
• (wo): Heidelberg
• (wann): 2016

Weitere Informationen

• DOI: doi:10.1186/s40173-016-0071-z
• Handle: http://hdl.handle.net/10419/154737
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ