search query: @journal_id 1342 / total: 707
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| Author: | Di Tella, R. MacCulloch, R. |
| Title: | The consequences of labor market flexibility: Panel evidence based on survey data |
| Journal: | European Economic Review
2005 : JUL, VOL 49:5, p. 1225-1259 |
| Index terms: | Labour markets Employment OECD |
| Language: | eng |
| Abstract: | This paper presents a new data set on hiring and firing restrictions for 21 OECD countries for the period 19841990. The data are based on surveys of business people in the countries covered. There is found evidence that increasing the flexibility (here as: flex-y.) of the labour market (hereafter as: l-mrkts.) increases both the employment (here as: empl.) rate (here as: empl-r.) and the rate of participation in the labour force. A conservative estimate suggests that if France would make its l-mrkts. as flexible as those in the U.S, its empl-r. would increase 1.6 percentage points, or 14 percent of the empl. gap btw. the two countries. The estimated effects are larger in the female than in the male l-mrkts. In addition, there is some evidence that more flex-y. leads to lower unemployment rates and to lower rates of long-term unemployment. |
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