How Do Institutions Affect Structural Unemployment in Times of Crises?

Davide Furceri, Davide Furceri, Annabelle Mourougane

Risultato della ricerca: Article

4 Citazioni (Scopus)

Abstract

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 on an unbalanced panel of 30 OECD economies from 1960 to 2006. 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 an economic downtur
Lingua originaleEnglish
pagine (da-a)393-419
Numero di pagine27
RivistaPANOECONOMICUS
Volume59
Stato di pubblicazionePublished - 2012

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All Science Journal Classification (ASJC) codes

  • Economics, Econometrics and Finance(all)

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