Labor Market Flexibility and Unemployment [electronic resource] : New Empirical Evidence of Static and Dynamic Effects / Lorenzo E Bernal.Verdugo.
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TextSeries: IMF Working Papers; Working Paper ; No. 12/64Publication details: Washington, D.C. : International Monetary Fund, 2012Description: 1 online resource (28 p.)ISBN: 1463938411 :ISSN: 1018-5941Subject(s): Analysis of Collective Decision-Making | Employment and Investment: Other | Flexibility | Labor Market Flexibility | Labor Market Institutions | Labor Market | Bulgaria | Georgia | Iran, Islamic Republic of | Mexico | RomaniaAdditional physical formats: Print Version:: Labor Market Flexibility and Unemployment : New Empirical Evidence of Static and Dynamic EffectsOnline resources: IMF e-Library | IMF Book Store Abstract: The aim of this paper is to analyze the relationship between labor market flexibility and unemployment outcomes. Using a panel of 97 countries from 1985 to 2008, the results of the paper suggest that improvements in labor market flexibility have a statistically and significant negative impact on unemployment outcomes (over unemployment, youth unemployment and long-term unemployment). Among the different labor market flexibility indicators analyzed, hiring and firing regulations and hiring costs are found to have the strongest effect.
The aim of this paper is to analyze the relationship between labor market flexibility and unemployment outcomes. Using a panel of 97 countries from 1985 to 2008, the results of the paper suggest that improvements in labor market flexibility have a statistically and significant negative impact on unemployment outcomes (over unemployment, youth unemployment and long-term unemployment). Among the different labor market flexibility indicators analyzed, hiring and firing regulations and hiring costs are found to have the strongest effect.
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