Does employment protection lead to unemployment A panel data analysis of OECD countries, 1990-2008 Report as inadecuate




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Abstract

This paper analysed the OECD data on employment protection for 23 OECD countries over the time span 1990-2008 on the basis of alternative dynamic panel data models and panel causality tests and examines the validity of the neo-liberal argument that strictness of employment protection hurts labour through increased long-term and youth unemployment rates. While it finds no empirical basis for this orthodox standpoint it observes that long-term unemployment dampens aggregate production which in turn aggravates unemployment problem.



Item Type: MPRA Paper -

Original Title: Does employment protection lead to unemployment? A panel data analysis of OECD countries, 1990-2008-

Language: English-

Keywords: labour law; regular job protection; temporary job protection, unemployment rate; long-term unemployment; youth unemployment-

Subjects: J - Labor and Demographic Economics > J0 - General > J08 - Labor Economics PoliciesJ - Labor and Demographic Economics > J6 - Mobility, Unemployment, Vacancies, and Immigrant Workers > J60 - GeneralK - Law and Economics > K3 - Other Substantive Areas of Law > K31 - Labor LawJ - Labor and Demographic Economics > J5 - Labor-Management Relations, Trade Unions, and Collective Bargaining > J50 - General-





Author: Sarkar, Prabirjit

Source: https://mpra.ub.uni-muenchen.de/35547/







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