Arbeitspapier

Policy Myopia and Labour Market Institutions

In the public debate, poor employment performance has often been associated with the existence of extensive labour market regulations and a lack of commitment to far- sighted public policies. This paper investigates the relation between policy myopia and labour market institutions. We develop a theoretical model in which policy myopia leads an incumbent government to choose institutions that allow the creation of rents in the labour market and reduce resources available to public goods provision and social expenditure. We test these predictions empirically using panel data for 21 OECD countries for the period 1985{2006. We show that policy myopia is associated with more regulated labour markets, lower unemployment benefit replacement rates, and smaller tax wedges on labour.

Sprache
Englisch

Erschienen in
Series: Working Paper ; No. 13

Klassifikation
Wirtschaft
Unemployment: Models, Duration, Incidence, and Job Search
Labor Standards: Public Policy
Structure, Scope, and Performance of Government
Thema
Policy myopia
public good provision
labour market institutions

Ereignis
Geistige Schöpfung
(wer)
Lucifora, Claudio
Moriconi, Simone
Ereignis
Veröffentlichung
(wer)
Università Cattolica del Sacro Cuore, Dipartimento di Economia e Finanza (DISCE)
(wo)
Milano
(wann)
2014

Handle
Letzte Aktualisierung
10.03.2025, 11:41 MEZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Lucifora, Claudio
  • Moriconi, Simone
  • Università Cattolica del Sacro Cuore, Dipartimento di Economia e Finanza (DISCE)

Entstanden

  • 2014

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