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Title:What have we learned? Assessing labor market institutions and indicators PDF Logo
Authors:Eichhorst, Werner
Feil, Michael
Braun, Christoph
Issue Date:2008
Series/Report no.:IZA Discussion Papers 3470
Abstract:Over the last decade, both the availability of quantitative indicators on labor market institutions and of studies trying to explain differences in national labor market performance through institutional variables have burgeoned significantly. It is now time to review these indicators and the empirical findings. Therefore, this paper has a threefold objective: first, we provide an overview of the aggregate indicators of core labor market institutions such as employment protection, the generosity of the benefit system, active labor market policies, taxation and collective bargaining. We assess the reliability of selected indicators. Second, we review the most relevant macro-econometric studies that made use of these indicators in order to explain diverging patterns of national employment performance. Third, and finally, this paper draws some preliminary conclusions regarding the further development of aggregate indicators and possible directions for future empirical research.
Subjects:Labor market institutions
labor market performance
macro-economics
JEL:J60
Persistent Identifier of the first edition:urn:nbn:de:101:1-2008042542
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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