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The effects of labour market institutions on unemployment in the EU
Hněvkovský, Jan ; Strielkowski, Wadim (advisor) ; Čech, František (referee)
The aim of this thesis is to examine the direct effects of labour market institu- tions on unemployment rates in the selected EU Members. For this purpose, we use macroeconomic cross-country, time series analysis for 21 OECD European members over the 2001-2011 period. The results gained from our empirical ana- lysis are rather inconclusive over the possibility to explain the development of European unemployment solely by analysing the effects of labour market insti- tutions. This finding might as well be caused by the volatile evolution of both output and unemployment over the observed period. The importance of busi- ness cycle is confirmed by our results as the measure for the output gap appears highly significant in every model specification. Unlike the majority of previous literature, in our estimates the proxies for macroeconomic shocks do not turn out to be significant. Hence, we decided not to examine mutual interactions between macroeconomic shocks and institutions. JEL Classifications: J08, J30, J51, J64 Keywords: unemployment, labour market institutions, EU, active labour mar- ket policies Author s e-mail: janhnevkovsky@gmail.com Supervisor s e-mail: strielkowski@fsv.cuni.cz 1
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Three Essays on Labor Market Institutional Environment
Fialová, Kamila ; Schneider, Ondřej (advisor) ; Münich, Daniel (referee) ; Brada, Josef (referee) ; Dybczak, Kamil (referee) ; Janáček, Kamil (referee)
Charles University in Prague Faculty of Social Sciences Institute of Economic Studies Three Essays on Labor Market Institutional Environment Dissertation Thesis Kamila Fialová Prague 2012 Abstract This thesis consists of three papers about labor market institutional environment. The first paper "Labor Market Institutions and Their Effect on Labor Market Performance in the New EU Member Countries" estimates the effects of labor market institutions on various performance indicators (unemployment, long-term unemployment, employment, activity rate) in European countries. The results confirm that high taxes increase unemployment, whereas active labor market policies tend to reduce it. The paper also shows that stricter employment protection, higher taxes, and a larger economic burden represented by the minimum wage decrease employment and activity rates. The second paper "Labor Market Institutions and Their Impact on Shadow Economies in Europe" analyzes the role of labor market institutions in explaining developments of shadow economies in European countries using several alternative measures of the shadow sector. The results indicate that the one institution that unambiguously increases shadow production and employment is strict employment protection legislation. Other labor market institutions have less...
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