Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/222167 
Erscheinungsjahr: 
2019
Quellenangabe: 
[Journal:] IZA Journal of Labor Policy [ISSN:] 2193-9004 [Volume:] 9 [Issue:] 1 [Publisher:] Sciendo [Place:] Warsaw [Year:] 2019 [Pages:] 1-32
Verlag: 
Sciendo, Warsaw
Zusammenfassung: 
This paper provides robust estimates of the impact of both product and labor market regulations on unemployment using data from 24 European countries over the period 1998-2013. Controlling for country fixed effects, endogeneity, and a large set of covariates, results show that product market deregulation overall reduces the unemployment rate. This finding is robust across all specifications and in line with theoretical predictions. However, not all types of reforms have the same effect: deregulation of state controls and in particular involvement in business operations tend to push up the unemployment rate. Labor market deregulation, proxied by the employment protection legislation index, is detrimental to unemployment in the short run, while a positive impact (i.e., a reduction in the unemployment rate) occurs only in the long run. Analysis by sub-indicators shows that reducing protection against collective dismissals helps in reducing the unemployment rate. The unemployment rate equation is also estimated for different categories of workers. Although men and women are equally affected by product and labor market deregulations, workers distinguished by age and educational attainment are affected differently. In terms of employment protection, young workers are almost twice as strongly affected as older workers. Regarding product market deregulation, highly educated individuals are less impacted than low- and middle-educated workers.
Schlagwörter: 
unemployment
structural reform
product market
labor market
regulation
employment protection
JEL: 
E24
E60
J48
J64
L51
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