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2018
- ISIDORE Id: 10670/1.d51f9b...
- hal: hal-03602693
- doi: 10.1016/j.labeco.2016.05.025
- SCIENCESPO: 2441/1avjr94u1u9dkqrhs6u825vpp4
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info:eu-repo/semantics/altIdentifier/doi/10.1016/j.labeco.2016.05.025
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info:eu-repo/semantics/altIdentifier/hdl/2441/1avjr94u1u9dkqrhs6u825vpp4
Ce document est lié à :
info:eu-repo/grantAgreement/EC/FP7/269693/EU/Wage Dynamics, Sorting Patterns in Labour Markets and Policy Evaluation/WASP
info:eu-repo/semantics/OpenAccess
Mots-clés
Unemployment dynamics Turnover Labor market institutions Job search Matching function E - Macroeconomics and Monetary Economics/E.E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy/E.E2.E24 - Employment • Unemployment • Wages • Intergenerational Income Distribution • Aggregate Human Capital • Aggregate Labor Productivity E - Macroeconomics and Monetary Economics/E.E3 - Prices, Business Fluctuations, and Cycles/E.E3.E32 - Business Fluctuations • Cycles J - Labor and Demographic Economics/J.J2 - Demand and Supply of Labor/J.J2.J21 - Labor Force and Employment, Size, and StructureSujets proches
JoblessnessCiter ce document
Fabrice Murtin et al., « Labor Market Reforms and Unemployment Dynamics », HAL SHS (Sciences de l’Homme et de la Société), ID : 10.1016/j.labeco.2016.05.025
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Résumé
We quantify the contribution of labor market reforms to unemployment dynamics in nine OECD countries (Australia, France, Germany, Japan, Portugal, Spain, Sweden, UK, US). We estimate a dynamic stochastic search-matching model with heterogeneous workers and aggregate productivity shocks. The heterogeneous-worker mechanism proposed by Robin (2011) explains unemployment volatility by productivity shocks well in all countries. Placement and employment services, UI benefit reduction and product market deregulation are found to be the most prominent policy levers for unemployment reduction. Business cycle shocks and LMPs explain about the same share of unemployment volatility (except for Japan, Portugal and the US).
