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| Author: | Belot, M. Ours, J.C. van |
| Title: | Does the recent success of some OECD countries in lowering their unemployment rates lie in the clever design of their labor market reforms? |
| Journal: | Oxford Economic Papers
2004 : OCT, VOL. 56:4, p. 621-642 |
| Index terms: | Labour markets OECD Reforms Unemployment |
| Language: | eng |
| Abstract: | In recent years some OECD countries were successful in lowering the unemployment rate substantially while other countries were not. This study investigates to what extent successful countries implemented a comprehensive set of institutional reforms. A theoretical framework is presented to investigate the relationship between unemployment and labour market institutions (LMI) such as labour taxes, unemployment benefits, employment protection, union bargaining power and (de)centralization of bargaining. |
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