Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/158579
Authors: 
Feldmann, Horst
Year of Publication: 
2004
Citation: 
[Journal:] Zeitschrift für ArbeitsmarktForschung – Journal for Labour Market Research [ISSN:] 2510-5027 [Volume:] 37 [Year:] 2004 [Issue:] 3 [Pages:] 187-209
Abstract (Translated): 
Using a panel of 91 countries, this paper econometrically analyzes how different economic freedoms affect employment and unemployment. There are four main findings. Firstly, a small government sector and a legal system characterized by an independent judiciary, impartial courts and an effective protection of property rights reduce unemployment and increase the employment level. Secondly, a high degree of monetary stability may result in a deterioration of the employment opportunities for young people and the lowskilled. Thirdly, more freedom in foreign trade and payments is likely to improve the employment situation of women but presumably has an adverse impact on the low skilled in industrial countries. It is also likely to increase the age at which young people enter working life in these countries. Fourthly, comprehensive deregulation probably increases unemployment, at least in the short term. However, it presumably also has beneficial effects on women and young people.
Subjects: 
Wirtschaftsstruktur
Wirtschaftssystem - internationaler Vergleich
Liberalisierung
Deregulierung
Freiheit
staatlicher Sektor
Rechtsordnung
Eigentum - Recht
Geldmarkt
Preisstabilität
Außenhandel
Regulierung
institutionelle Faktoren
Beschäftigungseffekte
Frauen
Jugendliche
Niedrigqualifizierte
Arbeitslosigkeit
Document Type: 
Article

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