Thursday, May 26, 2005
[IWS] IILS: Institutional Determinants of Unemployment in OECD Countries: A time series cross-section analysis (1960-98)
IWS Documented News Service
_______________________________
Institute for Workplace Studies Professor Samuel B. Bacharach
School of Industrial & Labor Relations Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor Stuart Basefsky
New York, NY 10016 Director, IWS News Bureau
________________________________________________________________________
INTERNATIONAL INSTITUTE FOR LABOUR STUDIES (IILS)
Discussion paper
DP/160/2005
Decent Work Research Programme
Institutional determinants of unemployment in OECD countries: A time series cross-section analysis (1960-98)
by Lucio Baccaro and Diego Rei
http://www.ilo.org/public/english/bureau/inst/download/dp16005.pdf
or
http://www-ilo-mirror.cornell.edu/public/english/bureau/inst/download/dp16005.pdf
[full-text, 67 pages]
Abstract:
Few policy problems are more relevant at the present time, at least for some advanced countries, than the problem of unemployment. In this domain, the view that unemployment is caused by labor market rigidities and should be addressed through systematic institutional deregulation has gained broad currency and has been embraced by national and international policy-making agencies alike. Given the importance of the issue, it is crucial to understand whether such analyses stand to scrutiny. This paper engages in a time-series cross-section (TSCS) analysis, which compares several estimators and seeks to pay close attention to the statistical properties of models. We find no broad support for the "deregulatory view." It does not seem to be the case that greater degrees of labor market rigidities are systematically associated with higher unemployment in OECD countries in the period under consideration (1960-1998). As far as pooling available data on OECD countries allows one to tell, restrictive macroeconomic policies and institutions supporting them appear to play a more important role.
_____________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky *
Director, IWS News Bureau *
Institute for Workplace Studies *
Cornell/ILR School *
16 E. 34th Street, 4th Floor *
New York, NY 10016 *
*
Telephone: (607) 255-2703 *
Fax: (607) 255-9641 *
E-mail: smb6@cornell.edu *
****************************************
_______________________________
Institute for Workplace Studies
School of Industrial & Labor Relations
Cornell University
16 East 34th Street, 4th floor
New York, NY 10016
________________________________________________________________________
INTERNATIONAL INSTITUTE FOR LABOUR STUDIES (IILS)
Discussion paper
DP/160/2005
Decent Work Research Programme
Institutional determinants of unemployment in OECD countries: A time series cross-section analysis (1960-98)
by Lucio Baccaro and Diego Rei
http://www.ilo.org/public/english/bureau/inst/download/dp16005.pdf
or
http://www-ilo-mirror.cornell.edu/public/english/bureau/inst/download/dp16005.pdf
[full-text, 67 pages]
Abstract:
Few policy problems are more relevant at the present time, at least for some advanced countries, than the problem of unemployment. In this domain, the view that unemployment is caused by labor market rigidities and should be addressed through systematic institutional deregulation has gained broad currency and has been embraced by national and international policy-making agencies alike. Given the importance of the issue, it is crucial to understand whether such analyses stand to scrutiny. This paper engages in a time-series cross-section (TSCS) analysis, which compares several estimators and seeks to pay close attention to the statistical properties of models. We find no broad support for the "deregulatory view." It does not seem to be the case that greater degrees of labor market rigidities are systematically associated with higher unemployment in OECD countries in the period under consideration (1960-1998). As far as pooling available data on OECD countries allows one to tell, restrictive macroeconomic policies and institutions supporting them appear to play a more important role.
_____________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
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# posted by SBasefsky : 8:31 AM
