Do Labor Market Institutions Matter for Unemployment?

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F24%3A43926614" target="_blank" >RIV/62156489:43110/24:43926614 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.32725/978-80-7694-102-1.32" target="_blank" >https://doi.org/10.32725/978-80-7694-102-1.32</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.32725/978-80-7694-102-1.32" target="_blank" >10.32725/978-80-7694-102-1.32</a>

Result language
angličtina
Original language name
Do Labor Market Institutions Matter for Unemployment?
Original language description
This paper examines the impact of labor market institutions on unemployment rates in OECD countries during the period 2000-2019. Using panel data and fixed effects estimation, we analyze how institutional variables such as minimum wage, union density, wage bargaining coordination, unemployment benefits, and active and passive labor market policies affect overall unemployment rate, long-term unemployment, and youth unemployment. Our findings challenge the traditional deregulation paradigm by showing that most institutional rigidities, when examined in isolation, do not exhibit significant effects on unemployment rates. The only consistently significant relationship was found between passive labor market policies and all types of unemployment, suggesting a positive correlation. These results contribute to the existing literature by demonstrating that the relationship between labor market institutions and unemployment is more complex than often assumed and depends on broader institutional context and interactions. Our findings support the argument that a "one size fits all" approach to labor market reform may not be appropriate and that institutional arrangements need to be analyzed holistically, taking into account country-specific contexts and potential complementarities between different institutions.
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2024
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 18th International Scientific Conference INPROFORUM 2024
ISBN
978-80-7694-102-1
ISSN
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e-ISSN
2336-6788
Number of pages
5
Pages from-to
226-230
Publisher name
Jihočeská univerzita v Českých Budějovicích
Place of publication
České Budějovice
Event location
České Budějovice
Event date
Nov 7, 2024
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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