Macit, Fatih (2011): Labor Market Institutions and Labor Productivity Growth.
Download (75Kb) | Preview
In this paper I investigate how the labor productivity growth is affected from various institutions of the labor market using the empirical evidence from a panel data of OECD countries. I find that benefit replacement rate, benefit duration index, and the tax wedge appear to be significant labor market institutions affecting the labor productivity growth. A higher benefit replacement rate, a longer duration of unemployment benefits, and a higher tax wedge are expected to generate a lower labor productivity growth.
|Item Type:||MPRA Paper|
|Original Title:||Labor Market Institutions and Labor Productivity Growth|
|Keywords:||Labor Market Institutions, Labor Productivity Growth|
|Subjects:||J - Labor and Demographic Economics > J0 - General > J01 - Labor Economics: General
J - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J24 - Human Capital; Skills; Occupational Choice; Labor Productivity
|Depositing User:||Fatih Macit|
|Date Deposited:||21. Jun 2011 13:33|
|Last Modified:||12. Feb 2013 22:18|
Blanchard, O. and J. Wolfers (2000). "The Role of Shocks and Institutions in the Rise of European Unemployment: The Aggregate Evidence", The Economic Journal, 110:1-33. 2 : Campolmi, A. and E. Faia (2007). "Labor Market Institutions and Inflation Volatility in the Euro Area". Available on the web: http://www.aei-ecsa.de/dokumente/tagung_eurozone_faia.pdf. 3 : Christoffer, K. and T. Linzert (2005). "The Role of Real Wage Rigidity and Labor Market Frictions for Unemployment and Inflation Dynamics" , ECB Working Paper No. 556. 2 : Fialova, K. and O. Schneider (2008). "Labor Market Institutions and their Effect on Labor Market Performance in the New EU Member Countries" , CESIFO Working Paper No. 2421. 3 : Hausman, J. A. (1978), "Specification Tests in Econometrics", Econometrica, 46, 1251-1271. 4 : Krause, Michael and Thomas Lubik (2007). "The (Ir)relevance of Real Wage Rigidity in the New Keynesian Model with Search Frictions" , Journal of Monetary Economics, Vol. 54(3): 706-727. 3 : Macit, F. (2010). "Labor Market Institutions and Wage and Inflation Dynamics", Economic Analysis and Policy, Vol. 40 No.3: 393-410. 4 : Nickell, W. (2006). The CEP-OECD Institutions Data Set (1960-2004). 5 : OECD, 2008. OECD Economic Outlook. Paris. 6 : Rumler, F. and J. Scharler (2009). "Labor Market Institutions and Macroeconomic Volatility in a Panel of OECD Countries" , ECB Working Paper No. 1005. 7 : Thomas, Carlos (2006). "Firing costs, labor market search and the business cycle" , London School of Economics. 8 : Veraciarto, Marcelo (2008). "Firing Costs and Business Cycle Fluctuations." , International Economic Review, Vol. 49 No.1: 1-39.