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

Working Paper No. 12/64

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.
Publication date: March 2012
ISBN: 9781463938413
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Topics covered in this book

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Economics- Macroeconomics , Economics / General , International - Economics , Labor Market , Flexibility , Unemployment , Reforms , Financial Crises , Labor Markets , Oecd , Analysis Of Collective Decision-making

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