Labor Market Institutions and Their Effect on Labor Market Performance in OECD and European Countries
The aim of this technical note is to shed some light on relationship between labor market institutions and labor market outcomes in the member states of the Organization of Economic Cooperation and Development (OECD) in North America and East Asia;...
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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/04/26228710/labor-market-institutions-effect-labor-market-performance-oecd-european-countries http://hdl.handle.net/10986/24494 |
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okr-10986-244942021-04-23T14:04:21Z Labor Market Institutions and Their Effect on Labor Market Performance in OECD and European Countries Fialová, Kamila UNION MEMBERSHIP JOBS EMPLOYMENT AVERAGE UNEMPLOYMENT EMPLOYMENT RATE LABOR MARKET POLICY EQUILIBRIUM UNEMPLOYMENT UNEMPLOYMENT RATES PASSIVE LABOR PRODUCT MARKET CONFLICT OF INTEREST MINIMUM WAGE INTEREST INCOME AVERAGE UNEMPLOYMENT RATE MACROECONOMIC POLICY TRADE UNION INITIAL UNEMPLOYMENT EFFECTS VARIABLES PRICING WAGE LEVEL EMPLOYMENT RATES TAX INCOME TAX PRODUCT MARKET REFORMS LABOR MARKET POLICIES INFLATION ACTIVE LABOR DRIVERS LABOR MARKET EMPLOYMENT LEVEL INFLUENCE LABOR COSTS MARKET REFORMS POLITICAL INSTITUTIONS ECONOMIC COOPERATION PASSIVE LABOR MARKET PROGRAMS ACTIVE LABOR MARKET MONETARY FUND UNEMPLOYED TRANSFERS EMPLOYMENT PROTECTION POLICIES CENTRALIZATION MARKETS ACTIVE LABOR MARKET POLICY LABOR PRODUCT CASH TRANSFERS UNEMPLOYMENT INDICATORS LONG-TERM UNEMPLOYMENT EFFICIENCY TAXES ACTIVE LABOR MARKET POLICIES EXPENDITURE UNEMPLOYMENT WORKERS UNION DENSITY LABOR MARKET PROGRAMS POLICIES TOTAL UNEMPLOYMENT UNEMPLOYMENT RATE EMPLOYMENT PROTECTION LEGISLATION ACTIVE LABOR MARKET PROGRAMS VALUE AVERAGE WAGE WAGE RATES TRANSITION COUNTRIES LABOR MARKET INSTITUTIONS LABOR MARKET OUTCOMES COLLECTIVE AGREEMENT EARNING MARKET LABOR MARKET INDICATORS ECONOMIC THEORY COLLECTIVE BARGAINING LABOR MARKET PERFORMANCE TRADE UNIONS ECONOMICS LABOR MARKET RIGIDITIES INSURANCE LABOR ORGANIZATION TAXATION GROSS WAGE PAYROLL TAX TRADE UNEMPLOYMENT BENEFIT GDP THEORY SECURITY SHARE TAX SYSTEM ADVERSE IMPACT BARGAINING SUPPLY EMPLOYEE PRODUCT MARKETS LABOR SUPPLY UNEMPLOYMENT LEVEL UNEMPLOYMENT BENEFITS LABOR MARKETS ECONOMIC SHOCKS OUTCOMES BENEFITS EMPLOYEES The aim of this technical note is to shed some light on relationship between labor market institutions and labor market outcomes in the member states of the Organization of Economic Cooperation and Development (OECD) in North America and East Asia; the New Member States of the European Union who are not members of the OECD (e.g. the Baltic states); countries in the European “Neighborhood” with aspire to accede to the EU (e.g. countries in the Western Balkans); and other European transitions countries (e.g. Ukraine, Moldova, and the Caucasus). Several estimation approaches for different data samples and explanatory variables were used to analyze the impact of labor market institutions on the labor market outcomes in European and OECD countries. This technical note, nevertheless, analyzes the impact of labor market institutions in above-mentioned regions and finds that they do affect major labor market indicators. The results show that the minimum wage tends to increase unemployment in non-European OECD sample, which is in accordance with the text-book pricing out effect. To examine the potential differences in the role of explanatory variables between the two OECD sub-samples the author applied modified Chow tests.The results of applied Chow tests examining the potential differences in the role of explanatory variables between the particular sub-samples are inconclusive. Generally, the author was not able to reject the hypothesis of stability of regression coefficients between the examined groups of countries in all tested models. While some of the estimated coefficients suggest different behavior, the available data did not allow to study this issue in detail. 2016-06-09T21:50:31Z 2016-06-09T21:50:31Z 2011-06 Working Paper http://documents.worldbank.org/curated/en/2016/04/26228710/labor-market-institutions-effect-labor-market-performance-oecd-european-countries http://hdl.handle.net/10986/24494 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper Europe European Union |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
UNION MEMBERSHIP JOBS EMPLOYMENT AVERAGE UNEMPLOYMENT EMPLOYMENT RATE LABOR MARKET POLICY EQUILIBRIUM UNEMPLOYMENT UNEMPLOYMENT RATES PASSIVE LABOR PRODUCT MARKET CONFLICT OF INTEREST MINIMUM WAGE INTEREST INCOME AVERAGE UNEMPLOYMENT RATE MACROECONOMIC POLICY TRADE UNION INITIAL UNEMPLOYMENT EFFECTS VARIABLES PRICING WAGE LEVEL EMPLOYMENT RATES TAX INCOME TAX PRODUCT MARKET REFORMS LABOR MARKET POLICIES INFLATION ACTIVE LABOR DRIVERS LABOR MARKET EMPLOYMENT LEVEL INFLUENCE LABOR COSTS MARKET REFORMS POLITICAL INSTITUTIONS ECONOMIC COOPERATION PASSIVE LABOR MARKET PROGRAMS ACTIVE LABOR MARKET MONETARY FUND UNEMPLOYED TRANSFERS EMPLOYMENT PROTECTION POLICIES CENTRALIZATION MARKETS ACTIVE LABOR MARKET POLICY LABOR PRODUCT CASH TRANSFERS UNEMPLOYMENT INDICATORS LONG-TERM UNEMPLOYMENT EFFICIENCY TAXES ACTIVE LABOR MARKET POLICIES EXPENDITURE UNEMPLOYMENT WORKERS UNION DENSITY LABOR MARKET PROGRAMS POLICIES TOTAL UNEMPLOYMENT UNEMPLOYMENT RATE EMPLOYMENT PROTECTION LEGISLATION ACTIVE LABOR MARKET PROGRAMS VALUE AVERAGE WAGE WAGE RATES TRANSITION COUNTRIES LABOR MARKET INSTITUTIONS LABOR MARKET OUTCOMES COLLECTIVE AGREEMENT EARNING MARKET LABOR MARKET INDICATORS ECONOMIC THEORY COLLECTIVE BARGAINING LABOR MARKET PERFORMANCE TRADE UNIONS ECONOMICS LABOR MARKET RIGIDITIES INSURANCE LABOR ORGANIZATION TAXATION GROSS WAGE PAYROLL TAX TRADE UNEMPLOYMENT BENEFIT GDP THEORY SECURITY SHARE TAX SYSTEM ADVERSE IMPACT BARGAINING SUPPLY EMPLOYEE PRODUCT MARKETS LABOR SUPPLY UNEMPLOYMENT LEVEL UNEMPLOYMENT BENEFITS LABOR MARKETS ECONOMIC SHOCKS OUTCOMES BENEFITS EMPLOYEES |
| spellingShingle |
UNION MEMBERSHIP JOBS EMPLOYMENT AVERAGE UNEMPLOYMENT EMPLOYMENT RATE LABOR MARKET POLICY EQUILIBRIUM UNEMPLOYMENT UNEMPLOYMENT RATES PASSIVE LABOR PRODUCT MARKET CONFLICT OF INTEREST MINIMUM WAGE INTEREST INCOME AVERAGE UNEMPLOYMENT RATE MACROECONOMIC POLICY TRADE UNION INITIAL UNEMPLOYMENT EFFECTS VARIABLES PRICING WAGE LEVEL EMPLOYMENT RATES TAX INCOME TAX PRODUCT MARKET REFORMS LABOR MARKET POLICIES INFLATION ACTIVE LABOR DRIVERS LABOR MARKET EMPLOYMENT LEVEL INFLUENCE LABOR COSTS MARKET REFORMS POLITICAL INSTITUTIONS ECONOMIC COOPERATION PASSIVE LABOR MARKET PROGRAMS ACTIVE LABOR MARKET MONETARY FUND UNEMPLOYED TRANSFERS EMPLOYMENT PROTECTION POLICIES CENTRALIZATION MARKETS ACTIVE LABOR MARKET POLICY LABOR PRODUCT CASH TRANSFERS UNEMPLOYMENT INDICATORS LONG-TERM UNEMPLOYMENT EFFICIENCY TAXES ACTIVE LABOR MARKET POLICIES EXPENDITURE UNEMPLOYMENT WORKERS UNION DENSITY LABOR MARKET PROGRAMS POLICIES TOTAL UNEMPLOYMENT UNEMPLOYMENT RATE EMPLOYMENT PROTECTION LEGISLATION ACTIVE LABOR MARKET PROGRAMS VALUE AVERAGE WAGE WAGE RATES TRANSITION COUNTRIES LABOR MARKET INSTITUTIONS LABOR MARKET OUTCOMES COLLECTIVE AGREEMENT EARNING MARKET LABOR MARKET INDICATORS ECONOMIC THEORY COLLECTIVE BARGAINING LABOR MARKET PERFORMANCE TRADE UNIONS ECONOMICS LABOR MARKET RIGIDITIES INSURANCE LABOR ORGANIZATION TAXATION GROSS WAGE PAYROLL TAX TRADE UNEMPLOYMENT BENEFIT GDP THEORY SECURITY SHARE TAX SYSTEM ADVERSE IMPACT BARGAINING SUPPLY EMPLOYEE PRODUCT MARKETS LABOR SUPPLY UNEMPLOYMENT LEVEL UNEMPLOYMENT BENEFITS LABOR MARKETS ECONOMIC SHOCKS OUTCOMES BENEFITS EMPLOYEES Fialová, Kamila Labor Market Institutions and Their Effect on Labor Market Performance in OECD and European Countries |
| geographic_facet |
Europe European Union |
| description |
The aim of this technical note is to
shed some light on relationship between labor market
institutions and labor market outcomes in the member states
of the Organization of Economic Cooperation and Development
(OECD) in North America and East Asia; the New Member States
of the European Union who are not members of the OECD (e.g.
the Baltic states); countries in the European “Neighborhood”
with aspire to accede to the EU (e.g. countries in the
Western Balkans); and other European transitions countries
(e.g. Ukraine, Moldova, and the Caucasus). Several
estimation approaches for different data samples and
explanatory variables were used to analyze the impact of
labor market institutions on the labor market outcomes in
European and OECD countries. This technical note,
nevertheless, analyzes the impact of labor market
institutions in above-mentioned regions and finds that they
do affect major labor market indicators. The results show
that the minimum wage tends to increase unemployment in
non-European OECD sample, which is in accordance with the
text-book pricing out effect. To examine the potential
differences in the role of explanatory variables between the
two OECD sub-samples the author applied modified Chow
tests.The results of applied Chow tests examining the
potential differences in the role of explanatory variables
between the particular sub-samples are inconclusive.
Generally, the author was not able to reject the hypothesis
of stability of regression coefficients between the examined
groups of countries in all tested models. While some of the
estimated coefficients suggest different behavior, the
available data did not allow to study this issue in detail. |
| format |
Working Paper |
| author |
Fialová, Kamila |
| author_facet |
Fialová, Kamila |
| author_sort |
Fialová, Kamila |
| title |
Labor Market Institutions and Their Effect on Labor Market Performance in OECD and European Countries |
| title_short |
Labor Market Institutions and Their Effect on Labor Market Performance in OECD and European Countries |
| title_full |
Labor Market Institutions and Their Effect on Labor Market Performance in OECD and European Countries |
| title_fullStr |
Labor Market Institutions and Their Effect on Labor Market Performance in OECD and European Countries |
| title_full_unstemmed |
Labor Market Institutions and Their Effect on Labor Market Performance in OECD and European Countries |
| title_sort |
labor market institutions and their effect on labor market performance in oecd and european countries |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/2016/04/26228710/labor-market-institutions-effect-labor-market-performance-oecd-european-countries http://hdl.handle.net/10986/24494 |
| _version_ |
1764456631631872000 |