Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/301325 
Year of Publication: 
2024
Series/Report no.: 
CESifo Working Paper No. 11199
Publisher: 
CESifo GmbH, Munich
Abstract: 
This paper empirically examines the impact of labour market counter-reforms on real GDP per capita and employment growth in 25 OECD countries between 1973 and 2012. We use a novel, narrative-based dataset of reform indicators and apply the local projections approach. We consider not only aggregated labour market counter-reforms but also distinguish between employment protection legislation (EPL), which we further split into counter-reforms for regular and temporary workers, and unemployment benefits (UB) counter-reforms. The effects of counter-reforms depend on the prevailing economic conditions and are not uniform across different types of counter-reforms.
Subjects: 
labour market counter-reforms
output growth
employment
local projections
nonlinearities
JEL: 
D31
J21
H30
L43
L51
Document Type: 
Working Paper
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