The DOI matches its Crossref record; 19 of the 19 references it cites were found in a registry or an index.
Does the recent success of some OECD countries in lowering their unemployment rates lie in the clever design of their labor market reforms?
Abstract
In recent years some OECD countries were successful in lowering the unemployment rate substantially while other countries were not. In this paper we investigate to what extent successful countries implemented a comprehensive set of institutional reforms. We present a theoretical framework to investigate the relationship between unemployment and labor market institutions (LMI) such as labor taxes, unemployment benefits, employment protection, union bargaining power and (de)centralization of bargaining. In our empirical analysis of data over the period 1960–99 of 17 OECD countries we show that particular combinations of LMI are responsible for low unemployment rates.
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Cites
Testing for unit roots in heterogeneous panels
Im, K. S., Pesaran, M. H., & Shin, Y. (2003) · Journal of Econometrics · doi:10.1016/s0304-4076(03)00092-7 · Cited by 15,435
Estimating long-run relationships from dynamic heterogeneous panels
Pesaran, M. H., & Smith, R. (1995) · Journal of Econometrics · doi:10.1016/0304-4076(94)01644-f · Cited by 5,479
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Estimating dynamic panel data models: a guide for macroeconomists
Judson, R. A., & Owen, A. L. (1999) · Economics Letters · doi:10.1016/s0165-1765(99)00130-5 · Cited by 2,171
Unemployment and Labor Market Rigidities: Europe versus North America
Nickell, S. (1997) · Journal of Economic Perspectives · doi:10.1257/jep.11.3.55 · Cited by 1,992
Labor market institutions and economic performance
Nickell, S. J., & Layard, R. (1998) · Oxford University Research Archive (ORA) (University of Oxford) · Cited by 1,165
Unemployment, growth and taxation in industrial countries
Daveri, F., & Tabellini, G. (2000) · Economic Policy · doi:10.1111/1468-0327.00057 · Cited by 697
European Unemployment: A Survey
Bean, C. R. (1992) · Journal of Economic Literature · Cited by 640
Middleton, R. (2002) · Bristol Research (University of Bristol) · Cited by 522
Centralisation of Wage Bargaining and Macroeconomic Performance: A Survey
(1993) · OECD Economics Department Working Papers · doi:10.1787/521405217277 · Cited by 428
Cited by
Bassanini, A., & Duval, R. (2009) · Oxford Review of Economic Policy · doi:10.1093/oxrep/grp004 · Cited by 342
Metadata
- Authors
- Belot, M.
- Venue
- Oxford Economic Papers
- Publisher
- Oxford University Press (OUP)
- Published
- 2004-06-22
- Volume
- 56
- Issue
- 4
- Pages
- 621-642
- ISSN
- 0030-7653 (ISSN-L)
- 1464-3812
- OpenAlex
- W3126071897
- Cited by
- 325
- References
- 19
- FWCI
- 67.17
- Type
- journal article
- Language
- en
- Open access
- closed
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- Belot, M. (2004). Does the recent success of some OECD countries in lowering their unemployment rates lie in the clever design of their labor market reforms? Oxford Economic Papers. https://doi.org/10.1093/oep/gpf057
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