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
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.cesifo.org/DocDL/cesifo1_wp11199.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_11199

Access Statistics for this paper

More papers in CESifo Working Paper Series from CESifo Contact information at EDIRC.
Bibliographic data for series maintained by Klaus Wohlrabe (wohlrabe@ifo.de).