Quotation Sturn, Simon. 2013. Are corporatist labour markets different? Labour market regimes and unemployment in OECD countries. International Labour Review 152 (2): S. 237-254.


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Abstract

Empirical studies on the unemployment effects of labour market institutions show contradictory results. One explanation is that these institutions affect unemployment differently depending on the regime in which they operate. Because of good labour relations, institutional complementarities and a trade-off between external and internal flexibility, they produce distinctive effects in corporatist regimes. Based on empirical evidence from 20 OECD countries over the period 19852008, the author finds that, in corporatist labour markets, strict employment protection legislation reduces unemployment, and unemployment benefits have no negative effect. He also shows that high real interest rates, low capital accumulation and restrictive fiscal policy during recessions increase unemployment.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal International Labour Review
Citation Index SSCI
WU Journalrating 2009 A
Language English
Title Are corporatist labour markets different? Labour market regimes and unemployment in OECD countries
Volume 152
Number 2
Year 2013
Page from 237
Page to 254
Reviewed? Y
URL http://onlinelibrary.wiley.com/doi/10.1111/j.1564-913X.2013.00179.x/abstract
DOI http://dx.doi.org/10.1111/j.1564-913X.2013.00179.x

Associations

People
Sturn, Simon (Details)
Organization
Institute for Ecological Economics IN (Details)
Research areas (Ă–STAT Classification 'Statistik Austria')
5300 Economics (Details)
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