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Labor market institutions and their influence on labor market performance

Result description

The presented paper deals with labor market performance in the European Union. We used a set of institutional aspects such as employment protection legislation, structure of wage bargaining, taxation of labor and unemployment benefits that determine labor market performance. Firstly, we present a review of literature dealing with labor market institutions and their influence on the labor market performance. Afterwards, we perform an econometric analysis aimed at estimating the impact of various institutional aspects on the employment rate, the unemployment rate and the long-term unemployment. Our econometric analysis suggests that two institutional factors significantly influence unemployment and long-term unemployment: total tax wedge on labor and active labor market policies. While higher tax burden significantly increases the unemployment rate, active labor market policies work in the opposite direction and may offset the negative effect of high taxation of labor.

Keywords

Employment protection legislationemploymentlabor taxationunemploymentunemployment benefitswage bargainingpanel regression

The result's identifiers

Alternative languages

  • Result language

    angličtina

  • Original language name

    Labor market institutions and their influence on labor market performance

  • Original language description

    The presented paper deals with labor market performance in the European Union. We used a set of institutional aspects such as employment protection legislation, structure of wage bargaining, taxation of labor and unemployment benefits that determine labor market performance. Firstly, we present a review of literature dealing with labor market institutions and their influence on the labor market performance. Afterwards, we perform an econometric analysis aimed at estimating the impact of various institutional aspects on the employment rate, the unemployment rate and the long-term unemployment. Our econometric analysis suggests that two institutional factors significantly influence unemployment and long-term unemployment: total tax wedge on labor and active labor market policies. While higher tax burden significantly increases the unemployment rate, active labor market policies work in the opposite direction and may offset the negative effect of high taxation of labor.

  • Czech name

  • Czech description

Classification

  • Type

    Jx - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

  • CEP classification

    AH - Economics

  • OECD FORD branch

Result continuities

Others

  • Publication year

    2013

  • Confidentiality

    S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Data specific for result type

  • Name of the periodical

    Actual problems of economics

  • ISSN

    1993-6788

  • e-ISSN

  • Volume of the periodical

    143

  • Issue of the periodical within the volume

    7

  • Country of publishing house

    UA - UKRAINE

  • Number of pages

    10

  • Pages from-to

    483-492

  • UT code for WoS article

  • EID of the result in the Scopus database

Basic information

Result type

Jx - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

Jx

CEP

AH - Economics

Year of implementation

2013