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| Author: | Burgess, S. Knetter, M. Michelacci, C. |
| Title: | Employment and output adjustment in the OECD: a disaggregate analysis of the role of job security provisions |
| Journal: | Economica
2000 : AUG, VOL. 67:267, s. 419-435 |
| Index terms: | Employment policy Labour markets Employee search OECD Job analysis |
| Language: | eng |
| Abstract: | Job security provisions are frequently cited as inhibiting the functioning of labour markets in Europe. The authors use an industry-country panel of OECD countries over 20 years to estimate adjustment paths for employment and output conditional on wages, the capital stock and exchange rates. Tehy find that job security provisions are correlated with the speed of adjustment of employment and output, and that controlling for industry effects is important in isolating this effect. |
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