Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/186135
Authors: 
Görg, Holger
Hornok, Cecília
Montagna, Catia
Onwordi, George E.
Year of Publication: 
2018
Series/Report no.: 
Kiel Working Paper 2117
Abstract: 
How do labour market policies influence employment's responsiveness to output fluctuations (employment-output elasticity)? We revisit this question on a panel of OECD countries, which also incorporates the period of the Great Recession. We distinguish between passive and active labour market policies and allow for their interactions, i.e. the policy mix, to play a role. We find that the effects of any single policy change are shaped by the broader existing policy-mix within which it takes place. Finally, we evaluate the effect of a move to 'flexicurity' on the employment-output elasticity in each country.
Subjects: 
employment-output elasticity
labour market policy
welfare state
flexicurity
JEL: 
E24
E32
J21
J65
Document Type: 
Working Paper
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