Euro-productivity and euro-jobs since the 1960s: which institutions mattered?

Gayle Allard ()
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Gayle Allard: Instituto de Empresa

Working Papers Economia from Instituto de Empresa, Area of Economic Environment

Abstract: How have labor market institutions and welfare-state transfers affected jobs and productivity in Europe? Many studies have tackled this question, with mixed results. This paper proposes an eclectic approach and gives a clearer answer to the issue. Orthodox criticisms of European government institutions are right in some cases and wrong in others. Labor-market policies such as employment protection laws have become more costly since 1980 through their human-capital cost of protecting senior male workers at the expense of women and youth. Product-market regulations may have reduced GDP, though the evidence is less robust

Keywords: Productivity; Employment protection legislation; unemployment benefits; social spending; welfare state (search for similar items in EconPapers)
Pages: 36 pages
Date: 2006-05
New Economics Papers: this item is included in nep-eec and nep-eff
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Persistent link: https://EconPapers.repec.org/RePEc:emp:wpaper:wp06-22

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