Labour Market Counter-Reforms in OECD Countries: Conditional Impact on Output and Employment Growth

Rasmus Wiese, Joåo Tovar Jalles, Jakob de Haan and João Tovar Jalles
Authors registered in the RePEc Author Service: Joao Tovar Jalles

No 11199, CESifo Working Paper Series from CESifo

Abstract: This paper empirically examines the impact of labour market counter-reforms on real GDP per capita and employment growth in 25 OECD countries between 1973 and 2012. We use a novel, narrative-based dataset of reform indicators and apply the local projections approach. We consider not only aggregated labour market counter-reforms but also distinguish between employment protection legislation (EPL), which we further split into counter-reforms for regular and temporary workers, and unemployment benefits (UB) counter-reforms. The effects of counter-reforms depend on the prevailing economic conditions and are not uniform across different types of counter-reforms.

Keywords: labour market counter-reforms; output growth; employment; local projections; nonlinearities (search for similar items in EconPapers)
JEL-codes: D31 H30 J21 L43 L51 (search for similar items in EconPapers)
Date: 2024
New Economics Papers: this item is included in nep-lma
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_11199

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