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dc.contributor.authorGatti, Donatellaen_US
dc.contributor.authorVaubourg, Anne-Gaëlen_US
dc.date.accessioned2009-04-22en_US
dc.date.accessioned2010-07-07T11:55:20Z-
dc.date.available2010-07-07T11:55:20Z-
dc.date.issued2009en_US
dc.identifier.piurn:nbn:de:101:1-2009033080en_US
dc.identifier.urihttp://hdl.handle.net/10419/35688-
dc.description.abstractUsing data for 18 OECD countries over the period 1980-2004, we investigate how labour and financial factors interact to determine unemployment. We show that the impact of financial variables depends strongly on the labour market context. Increased market capitalization as well as decreased banking concentration reduce unemployment if the level of labour market regulation, union density and coordination in wage bargaining is low. The above financial variables have no effect otherwise. Increasing intermediated credit worsens unemployment when the labour market is weakly regulated and coordinated, whereas it reduces unemployment otherwise. These results suggest that the respective virtues of bank-based and market-based finance are crucially tied to the strength of labour regulation.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA discussion papers 4075en_US
dc.subject.jelE24en_US
dc.subject.jelJ23en_US
dc.subject.jelP17en_US
dc.subject.ddc330en_US
dc.subject.keywordUnemploymenten_US
dc.subject.keywordinstitutional complementarities and substitutabilitiesen_US
dc.subject.keywordlabour marketen_US
dc.subject.keywordfinancial systemen_US
dc.subject.stwArbeitslosigkeiten_US
dc.subject.stwFinanzsektoren_US
dc.subject.stwFinanzintermediären_US
dc.subject.stwBankensystemen_US
dc.subject.stwArbeitsmarktflexibilisierungen_US
dc.subject.stwSystemvergleichen_US
dc.subject.stwOECD-Staatenen_US
dc.titleUnemployment and finance: how do financial and labour market factors interact?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn598045120en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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