Labor market flexibility and unemployment : new empirical evidence of static and dynamic effects /

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Bibliographic Details
Author / Creator:	Bernal-Verdugo, Lorenzo E., author.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2012.
Description:	1 online resource (26 pages) : color chart
Language:	English
Series:	IMF working paper ; WP/12/64 IMF working paper ; WP/12/64.
Subject:	Labor market -- Econometric models. Unemployment -- Econometric models. Labor market -- Econometric models. Unemployment -- Econometric models.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12500094

Hidden Bibliographic Details
Other authors / contributors:	Furceri, Davide, author. Guillaume, Dominique, author. International Monetary Fund. Middle East and Central Asia Department, issuing body.
ISBN:	9781463948900 1463948905
Notes:	At head of title: Middle East and Central Asia Department. Title from PDF title page (IMF Web site, viewed March 2, 2012). "March 2012." Includes bibliographical references (pages 24-25).
Summary:	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.
Other form:	Print version: Bernal-Verdugo, Lorenzo E. Labor Market Flexibility and Unemployment: New Empirical Evidence of Static and Dynamic Effects. Washington : International Monetary Fund, ©2012 9781463938413

Table of Contents:

Cover; Contents; I. Introduction; II. Data and Descriptive Statistics; III. Empirical Methodology and Results; A. Static Relationship Between Unemployment and Labor Market Institutions; B. Dynamic Relationship Between Unemployment and Labor Market Institutions; IV. Conclusions; Figure 1. Cumulative Effect of Labor Market Flexibility on Unemployment Over Time; Tables; 1. Summary Statistics for Labor Market Outcomes and Flexibility Indicators; 2. Correlation Matrix of Labor Market Outcomes and Flexibility Indicators; 3. The Static Effect of Labor Market Flexibility on Unemployment.
4. The Static Effect of Labor Market Flexibility on Unemployment-OECD Countries5. The Static Effect of Labor Market Flexibility on Unemployment-Non-OECD Countries; 6. The Static Effect of Labor Market Flexibility Indicators on Unemployment; 7. The Static Effect of Labor Market Flexibility Indicators on Youth Unemployment; 8. The Static Effect of Labor Market Flexibility Indicators on Long-Term Unemployment; 9. The Dynamic Effect of Labor Market Flexibility on Unemployment; 10. The Dynamic Effect of Labor Market Flexibility on Different Unemployment Outcomes.
11. The Dynamic Effect of Labor Market Flexibility on Different Unemployment OutcomesReferences; Annex I: Data Description.

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