Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/152491
Authors: 
Fabiani, Silvia
Rodriguez-Palenzuela, Diego
Year of Publication: 
2001
Series/Report no.: 
ECB Working Paper 57
Abstract: 
We derive indicators of labour market flexibility that are comparable across countries and time intervals. Our indicators build on a structural VAR model of real wages, output and unemployment dynamics. We compute our indicators for thirteen OECD countries and for two time periods, and we compare them with existing indicators of labour market flexibility in the literature . The main result of the paper is that we did not find evidence of a closing gap in terms of labour market flexibility between the United States and continental European countries, although our findings suggest that medium-sized and small countries have experienced greater improvements in this regard than the large countries since the mid-eighties.
JEL: 
J20
J21
J41
Document Type: 
Working Paper

Files in This Item:
File
Size
400.09 kB





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