Unemployment and Labor market institutions: An empirical analysis
M Belot, JC van Ours
JOURNAL OF THE JAPANESE AND INTERNATIONAL ECONOMIES | ACADEMIC PRESS INC ELSEVIER SCIENCE | Published : 2001
The development of the unemployment rate differs substantially between OECD countries. In this paper we investigate to what extent these differences are related to labor market institutions. In our analysis we use data of eighteen OECD countries over the period 1960-1994 and show that the way in which institutions interact is important. J. Japan. Int. Econ., December 2001, 15(4), pp. 403-418. Department of Economics, CentER, Tilburg University and Institute for Labour Studies (OSA), The Netherlands. © 2001 Elsevier Science (USA). Journal of Economic Literature Classification Numbers: E24, J68. © 2001 Elsevier Science (USA).