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Euro-productivity and euro-jobs since the 1960s: which institutions mattered?

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  • GAYLE ALLARD

    (Instituto de Empresa)

Abstract

How have labor market institutions and welfare-state transfers affected jobs and productivity in Europe? Many studies have tackled this question, with mixed results. This paper proposes an eclectic approach and gives a clearer answer to the issue. Orthodox criticisms of European government institutions are right in some cases and wrong in others. Labor-market policies such as employment protection laws have become more costly since 1980 through their human-capital cost of protecting senior male workers at the expense of women and youth. Product-market regulations may have reduced GDP, though the evidence is less robust

Suggested Citation

  • Gayle Allard, 2006. "Euro-productivity and euro-jobs since the 1960s: which institutions mattered?," Working Papers Economia wp06-22, Instituto de Empresa, Area of Economic Environment.
    • Handle: RePEc:emp:wpaper:wp06-22
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    Keywords

    Productivity; Employment protection legislation; unemployment benefits; social spending; welfare state;
    All these keywords.

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