How do Institutions Affect Structural Unemployment in Times of Crises?:
This paper examines the effect of economic crises on structural unemployment using an Autoregressive Distributed Lags model and accounting for the role of institutional settings. Analysing an unbalanced panel of 30 OECD economies from 1970 to 2008, we found that downturns have, on average, a signifi...
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| Main Author: | |
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| Other Authors: | |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
2009
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| Series: | OECD Economics Department Working Papers
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| Subjects: | |
| Online Access: | Volltext |
| Summary: | This paper examines the effect of economic crises on structural unemployment using an Autoregressive Distributed Lags model and accounting for the role of institutional settings. Analysing an unbalanced panel of 30 OECD economies from 1970 to 2008, we found that downturns have, on average, a significant positive impact on the level of structural unemployment rate. The maximum impact varies with the severity of the downturn. Institutions (such as Employment Protection Legislation, average replacement ratio and product market regulation) influence both the extent of the initial shock and the adjustment pattern in the aftermath of a downturn |
| Physical Description: | 1 Online-Ressource (33 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/220734255421 |
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| spelling | Furceri, Davide Verfasser aut How do Institutions Affect Structural Unemployment in Times of Crises? Davide Furceri and Annabelle Mourougane = Comment les institutions influencent-elles le chômage structurel en temps de crise ? / Davide Furceri et Annabelle Mourougane Comment les institutions influencent-elles le chômage structurel en temps de crise ? Paris OECD Publishing 2009 1 Online-Ressource (33 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers This paper examines the effect of economic crises on structural unemployment using an Autoregressive Distributed Lags model and accounting for the role of institutional settings. Analysing an unbalanced panel of 30 OECD economies from 1970 to 2008, we found that downturns have, on average, a significant positive impact on the level of structural unemployment rate. The maximum impact varies with the severity of the downturn. Institutions (such as Employment Protection Legislation, average replacement ratio and product market regulation) influence both the extent of the initial shock and the adjustment pattern in the aftermath of a downturn Economics Mourougane, Annabelle ctb https://doi.org/10.1787/220734255421 Verlag kostenfrei Volltext |
| spellingShingle | Furceri, Davide How do Institutions Affect Structural Unemployment in Times of Crises? Economics |
| title | How do Institutions Affect Structural Unemployment in Times of Crises? |
| title_alt | Comment les institutions influencent-elles le chômage structurel en temps de crise ? |
| title_auth | How do Institutions Affect Structural Unemployment in Times of Crises? |
| title_exact_search | How do Institutions Affect Structural Unemployment in Times of Crises? |
| title_exact_search_txtP | How do Institutions Affect Structural Unemployment in Times of Crises? |
| title_full | How do Institutions Affect Structural Unemployment in Times of Crises? Davide Furceri and Annabelle Mourougane = Comment les institutions influencent-elles le chômage structurel en temps de crise ? / Davide Furceri et Annabelle Mourougane |
| title_fullStr | How do Institutions Affect Structural Unemployment in Times of Crises? Davide Furceri and Annabelle Mourougane = Comment les institutions influencent-elles le chômage structurel en temps de crise ? / Davide Furceri et Annabelle Mourougane |
| title_full_unstemmed | How do Institutions Affect Structural Unemployment in Times of Crises? Davide Furceri and Annabelle Mourougane = Comment les institutions influencent-elles le chômage structurel en temps de crise ? / Davide Furceri et Annabelle Mourougane |
| title_short | How do Institutions Affect Structural Unemployment in Times of Crises? |
| title_sort | how do institutions affect structural unemployment in times of crises |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/220734255421 |
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