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Employment to Output Elasticities & Reforms Towards Flexicurity : Evidence from OECD Countries
Holger Görg
Cecília Hornok
Catia Montagna
George E. Onwordi
出版
Kiel Institute for the World Economy (IfW)
, 2018
URL
http://books.google.com.hk/books?id=s8iszQEACAAJ&hl=&source=gbs_api
註釋
How do labour market policies influence employment's responsiveness to output fluctuations (employment-output elasticity)? We revisit this question on a panel of OECD countries, which also incorporates the period of the Great Recession. We distinguish between passive and active labour market policies and allow for their interactions, i.e. the policy mix, to play a role. We find that the effects of any single policy change are shaped by the broader existing policy-mix within which it takes place. Finally, we evaluate the effect of a move to 'flexicurity' on the employment-output elasticity in each country.