Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/92359
Authors: 
Kawaguchi, Daiji
Murao, Tetsushi
Year of Publication: 
2012
Citation: 
[Journal:] IZA Journal of Labor Policy [ISSN:] 2193-9004 [Publisher:] Springer [Place:] Heidelberg [Volume:] 1 [Year:] 2012 [Pages:] 1-22
Abstract: 
The way age-specific unemployment rates fluctuate over the business cycle differs significantly across countries. This paper examines the effect of labor-market institutions on the fluctuations of age-specific unemployment rates based on panel data of 18 OECD countries between 1971 and 2008. Empirical results suggest that the cost of the business cycle disproportionately falls on youths in countries with stricter employment protection. This implies that a higher adjustment cost of an existing workforce induces the employment adjustment of new entrants into the labor market.
Subjects: 
unemployment
labor market institutions
business cycle
OECD
JEL: 
E24
J80
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/2.0/
Document Type: 
Article
Appears in Collections:

Files in This Item:
File
Size
302.85 kB





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