The European Economic and Monetary Union and Labour Market Reform

Elżbieta Bednarek-Sekunda, Richard Jong-A-Pin () and Jakob de Haan
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Elżbieta Bednarek-Sekunda: Ministry of Finance, Warsaw, Poland, elzbieta.bednarek@gmail.com

European Union Politics, 2010, vol. 11, issue 1, 3-27

Abstract: We examine whether the EMU has led to greater labour market flexibility, differentiating between reform that enhances the capacity of an economy to adjust to economic shocks and reform that aims to increase long-run output. Based on a panel model and using OECD data on labour market reforms for 27 OECD countries over the period 1994—2004, we find that the two types of labour market reform are driven by different variables. Most importantly, our results suggest that the EMU has had no effect on reform that enhances the economy’s capacity to adjust to shocks. Most of our evidence for reform that increases long-run output suggests that the EMU has not affected this type of reform either.

Keywords: EMU; labour market reform (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (19)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:eeupol:v:11:y:2010:i:1:p:3-27

DOI: 10.1177/1465116509353458

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