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Labor Market Institutions and Labor Productivity Growth

Fatih Macit

Economic Research Guardian, 2012, vol. 2, issue 1, 121-128

Abstract: In this paper we investigate how the labor productivity growth is affected from various institutions of the labor market using the empirical evidence from a panel data of OECD countries. We find that benefit replacement rate, benefit duration index, and the tax wedge appear to be significant labor market institutions affecting the labor productivity growth. A higher benefit replacement rate, a longer duration of unemployment benefits, and a higher tax wedge are expected to generate a lower labor productivity growth.

Keywords: Labor Market Institutions; Labor Productivity Growth (search for similar items in EconPapers)
JEL-codes: E24 J08 J64 (search for similar items in EconPapers)
Date: 2012
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Working Paper: Labor Market Institutions and Labor Productivity Growth (2011) Downloads
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