EconStor >
Bard College, Annandale-on-Hudson (NY) >
Levy Economics Institute of Bard College >
Working Papers, Levy Economics Institute of Bard College >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/31635
  
Title:Labor-market performance in the OECD: an assessment of recent evidence PDF Logo
Authors:Destefanis, Sergio
Mastromatteo, Giuseppe
Issue Date:2009
Series/Report no.:Working papers // The Levy Economics Institute 559
Abstract:In this paper we assess the evolution of labor-market performance in the Organisation for Economic Co-operation and Development (OECD) over the last decade. We provide a survey of the literature dealing with labor-market performance in the OECD, finding that, while this literature tends to conclude that institutions are a key part of the story, the survey's results appear far less robust and uniform than is commonly believed. We then assess the robustness of the claims made in the most recent (2005) OECD followup study within a very similar cross-country setup, and highlight the impact of unobserved heterogeneity and outliers on the policy estimates. We find that in recent OECD cross-country data, changes in labor-market performance are consistently (and inversely) linked to its lagged level. Structural changes are also important: changes in the share of construction employees are very significant, even in the presence of various kinds of policy change indicators. As far as the latter are concerned, some consistent role seems to emerge only for active labor-market policies and (to a lesser extent) unemployment benefit reforms.
Subjects:Cross-country labor-market comparisons
labor-market institutions
product-market institutions
JEL:E60
J60
Document Type:Working Paper
Appears in Collections:Working Papers, Levy Economics Institute of Bard College

Files in This Item:
File Description SizeFormat
605409315.pdf387.55 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/31635

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.