Do Labor Market Institutions Matter for Unemployment?

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Do Labor Market Institutions Matter for Unemployment?

Popis výsledku v původním jazyce

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 &quot;one size fits all&quot; 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.

Název v anglickém jazyce

Do Labor Market Institutions Matter for Unemployment?

Popis výsledku anglicky

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 &quot;one size fits all&quot; 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.

Druh

D - Stať ve sborníku

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2024

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings of the 18th International Scientific Conference INPROFORUM 2024

ISBN

978-80-7694-102-1

ISSN

—

e-ISSN

2336-6788

Počet stran výsledku

5

Strana od-do

226-230

Název nakladatele

Jihočeská univerzita v Českých Budějovicích

Místo vydání

České Budějovice

Místo konání akce

České Budějovice

Datum konání akce

7. 11. 2024

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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