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Do labor market rigidities matter for business cycles? Yes they do

Stefano Gnocchi () and Evi Pappa ()

No 411, Working Papers from Barcelona Graduate School of Economics

Abstract: We study whether labor market institutions affect the volatility and correlations of macroeconomic variables for a sample of 20 OECD countries. Labor market rigidities are characterized with a number of indicators

Keywords: Labor market institutions; Business cycles; OECD countries; rank sum test; active labor market policies (search for similar items in EconPapers)
JEL-codes: E32 E6 J01 J08 (search for similar items in EconPapers)
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