Model-Based Indicators of Labour Market Rigidity
AbstractWe derive indicators of labour market flexibility that are comparable across countries and time intervals. Our indicators build on a structural VAR model of real wages, output and unemployment dynamics. We compute our indicators for thirteen OECD countries and for two time periods, and we compare them with existing indicators of labour market flexibility in the literature. The main result of the paper is that we did not find evidence of a closing gap in terms of labour market flexibility between the United States and continental European Countries, although our findings suggest that medium-sized and small countries have experienced greater improvements in this regard than the large countries since the mid-eighties.
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Bibliographic InfoPaper provided by Quebec a Montreal - Recherche en gestion in its series Papers with number 57.
Length: 33 pages
Date of creation: 2001
Date of revision:
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Postal: Canada; Universite du Quebec a Montreal, Centre de recherche en gestion. Case postale 8888, succursale A, Montreal (Quebec) Canada H3C 3P8
LABOUR MARKET ; ECONOMIC MODELS;
Other versions of this item:
- J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
- J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
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