Labour Market Institutions and the Employment Intensity of Output Growth. An International Comparison
Ludwig-Maximilians-Universität Munich - Faculty of Economics
University of Applied Sciences Amberg-Weiden; CESifo (Center for Economic Studies and Ifo Institute)
FEEM Working Paper No. 101.2007
CESifo Working Paper Series No. 2175
This paper deals with the effects of labour market institutions on labour market performance. We analyse as an indicator for the labour intensity of output growth the employment threshold (the minimum growth rate of output necessary to keep employment constant). We show for a sample of 17 OECD countries for the period 1971 to 2002 that the strictness of employment protection raises the employment threshold in all econometric specifications. A higher wage bargaining coordination and a higher tax wedge reduce also the labour intensity of production, although the effects are not significant in all econometric specifications.
Number of Pages in PDF File: 22
Keywords: employment protection, labour market institutions, labour demand, international comparison, employment threshold
JEL Classification: J23, E24, J50working papers series
Date posted: November 29, 2007
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