Tenuous link
Labour Market Institutions and Unemployment in Advanced and New Market Economies
Bibliographic Data
| ID | 4237699 |
|---|---|
| Authors | Sabina Avdagic (0000-0001-5763-2971, University of Sussex, corresponding author), Paola Salardi (0000-0002-7224-5563, University of Sussex) |
| Year | 2013 |
| Volume | 11 |
| Issue | 4 |
| Pages | 739-769 |
| Publication date | 2013-10-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Socio-Economic Review (JOURNAL) |
| Journal identifiers | ISSN: 1475-1461 • E-ISSN: 1475-147X |
| Publisher | Oxford University Press (PUBLISHER • GB) |
| DOI | 10.1093/ser/mwt009 |
| OpenAlex | W2109260547 |
| Language | EN |
| Citations received | 24 |
| References cited | 37 |
International organizations and mainstream economists have consistently promoted the view that labour market rigidities are responsible for high unemployment, and that wide-ranging institutional deregulation is an appropriate policy response. Yet, as demonstrated by recent literature, the empirical support for the deregulatory view is ambiguous. This paper re-assesses this debate by bringing in new evidence from a larger group of countries, which includes advanced and new market economies. Using new data and paying special attention to the robustness of estimation results, we find rather thin support for the deregulatory view. The sensitivity analysis demonstrates that in most cases the adverse effects of institutions disappear with small changes in the sample or the use of alternative estimators and specifications. The impact of institutions is particularly weak in new market economies, where unemployment is related primarily to macroeconomic factors. Overall, our findings challenge the policy orthodoxy that comprehensive deregulation is the universal solution to unemployment.
Deregulation · Economics · Labour economics · Liberalization · Macroeconomics · Mainstream · Market economy · Political science · Robustness (evolution) · Unemployment · Firm Innovation and Growth · Global trade and economics · Labor market dynamics and wage inequality
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| Unique citing works | 24 |
|---|---|
| Citations per year | 1,85 |
| Citation span | 2013 - 2025 (13) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 24 |