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

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 une...

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Bibliographic Details
Main Author: Bernal-Verdugo, Lorenzo E.
Other Authors: Furceri, Davide, Guillaume, Dominique
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2012
Series:IMF Working Papers
Subjects:
Labor Market Institutions
Labour; Income Economics
Mobility, Unemployment, And Vacancies: General
Macroeconomics: Consumption, Saving, Production, Employment And Investment: Other
Unemployment: Models, Duration, Incidence, And Job Search
Labor Markets
Unemployment
Demand And Supply Of Labor: General
Particular Labor Markets: General
Labor
Cycles
Labor Market
Business Fluctuations
Unemployment Rate
Labor Market Flexibility
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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
Physical Description:28 pages
ISBN:9781463938413

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