Cross‐Country Evidence on Labor Market Institutions and Young Adult Employment through the Financial Crisis

2019 ◽  
Vol 86 (2) ◽  
pp. 573-612 ◽  
Author(s):  
Jeffrey Clemens
Keyword(s):  
Labor Market ◽  
Young Adult ◽  
Financial Crisis ◽  
Labor Market Institutions ◽  
Market Institutions ◽  
Cross Country

Are Good Industrial Relations Good for the Economy?

2009 ◽  
Vol 10 (3) ◽  
pp. 253-269 ◽  
Author(s):  
John T. Addison ◽  
Paulino Teixeira
Keyword(s):  
Labor Market ◽  
Firm Performance ◽  
Industrial Relations ◽  
Labor Market Institutions ◽  
Market Institutions ◽  
Microeconomic Analysis ◽  
Separate Line ◽  
Cross Country ◽  
Good For

Abstract Recent US microeconomic analysis indicates that good industrial relations might improve firm performance. Of late, it has also been claimed that the benefits of industrial relations quality - proxied inversely by a strikes variable - could also extend to the macroeconomy. Using cross-country data, we find that, independent of other labor market institutions, a lower strike volume is associated with lower unemployment. Although there is a separate line of causation running from unemployment to strikes, our analysis suggests that this is not dominant. That said, support for the notion that macro performance owes something to good industrial relations is, however, weakened once we formally control for strike endogeneity.

scholarly journals Trends in Wage Inequality in the Netherlands

De Economist ◽  
2021 ◽  
Author(s):  
Colja Schneck
Keyword(s):  
Labor Market ◽  
The Netherlands ◽  
Wage Inequality ◽  
Wage Distribution ◽  
Labor Market Institutions ◽  
Market Institutions ◽  
Educational Degree ◽  
Over Time

AbstractIn this paper I analyze changes in the wage distribution in the Netherlands. I use a matched employer-employee dataset that covers the population of employees. Wage inequality increases over the period of 2001–2016. Changes in between-firm wage components are responsible for nearly the entire increase. Increases in the variance of workers’ skills and increases in worker sorting and worker segregation explain the majority of the rise in the variance of wages. These changes are accompanied by a pattern where variation in educational degree and firm average wages become more correlated over time. Finally, it is suggested that labor market institutions in the Netherlands play an important role in mediating overall wage inequality.

scholarly journals Impacts of Labor Market Institutions and Demographic Factors on Labor Markets in Latin America

2019 ◽  
Vol 19 (155) ◽  
Author(s):  
Adriana Kugler
Keyword(s):  
Labor Market ◽  
Latin American ◽  
Older Workers ◽  
Market Performance ◽  
Demographic Factors ◽  
Employment Protection ◽  
Labor Market Institutions ◽  
Market Institutions ◽  
Payroll Taxes ◽  
The Impact

This paper documents recent labor market performance in the Latin American region. The paper shows that unemployment, informality, and inequality have been falling over the past two decades, though still remain high. By contrast, productivity has remained stubbornly low. The paper, then, turns to the potential impacts of various labor market institutions, including employment protection legislation (EPL), minimum wages (MW), payroll taxes, unemployment insurance (UI) and collective bargaining, as well as the impacts of demographic changes on labor market performance. The paper relies on evidence from carefully conducted studies based on micro-data for countries in the region and for other countries with similar income levels to draw conclusions on the impact of labor market institutions and demographic factors on unemployment, informality, inequality and productivity. The decreases in unemployment and informality can be partly explained by the reduced strictness of EPL and payroll taxes, but also by the increased shares of more educated and older workers. By contrast, the fall in inequality starting in 2002 can be explained by a combination of binding MW throughout most of the region and, to a lesser extent, by the introduction of UI systems in some countries and the role of unions in countries with moderate unionization rates. Falling inequality can also be explained by the fall in the returns to skill associated with increased share of more educated and older workers.

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