The (New) OECD Jobs Study: Introduction and Assessment

Alfred Stiglbauer ()
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Alfred Stiglbauer: Oesterreichische Nationalbank, Economic Analysis Division, http://www.oenb.at

Monetary Policy & the Economy, 2006, issue 3, 58–74

Abstract: In 1994, the OECD presented the Jobs Study analyzing the causes of high unemployment in Europe. The study identified inappropriate labor market regulations and legislation as a key determinant of high unemployment. The OECD recommended deregulation and liberalization of labor market institutions as a remedy. Meanwhile, new empirical research has explored the influence of labor market institutions on unemployment and has only partly confirmed the recommendations of the Jobs Study. In a reevaluation, the OECD now concludes that different combinations of institutions may foster good labor market performance. Like the Scandinavian countries, Austria is a country with strong labor market institutions and low unemployment.

Keywords: Jobs study; Unemployment; Labor market institutions; Labor market regulation (search for similar items in EconPapers)
JEL-codes: E24 J50 J60 (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (2)

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