The Effects of Institutions on the Labour Market Outcomes: Cross-Country Analysis

KDI Journal of Economic Policy 2017, 39(4) 69–94

27 Pages Posted: 4 Apr 2018

See all articles by Yongseong Kim

Yongseong Kim

Korea University of Technology and Education

Tae Bong Kim

Ajou University

Date Written: November 30, 2017

Abstract

This paper re-examines the impacts an institutional arrangement may have on labour market outcomes such as the employment and unemployment rates. Based on the results from a generalized econometric model, the generosity of unemployment insurance benefits, organized labour and active labour market policy have effects on a labour market in line with previous findings. However, taxes on labour and the degree of employment protection are found to affect neither the employment rate nor the unemployment rate. Thus, some findings in this paper validate earlier findings, whereas others do not.

Keywords: Employment Rate, Unemployment Rate, Labor Market Institutions, Cross-country Analysis

JEL Classification: C01, J08, J21, P51

Suggested Citation

Kim, Yongseong and Kim, Tae Bong, The Effects of Institutions on the Labour Market Outcomes: Cross-Country Analysis (November 30, 2017). KDI Journal of Economic Policy 2017, 39(4) 69–94, Available at SSRN: https://ssrn.com/abstract=3156191

Yongseong Kim (Contact Author)

Korea University of Technology and Education ( email )

Cheonan-si, Chungcheongnam-do 31253
Korea, Republic of (South Korea)

Tae Bong Kim

Ajou University ( email )

206 Worldcup-ro
Yeongtong-gu
Suwon-si, Gyeonggi-do
Korea, Republic of (South Korea)

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