mirage

Structural Reforms and Labor Market Outcomes : International Panel Data Evidence

LACER-LACEA/Manakin Repository

Show simple item record

dc.contributor.author Hollweg, Claire H.
dc.contributor.author Mitra, Devashish
dc.contributor.author Lederman, Daniel
dc.date.accessioned 2014-12-03T21:29:54Z
dc.date.available 2014-12-03T21:29:54Z
dc.date.issued 2014-11
dc.identifier.uri http://hdl.handle.net/10986/20642
dc.description.abstract This paper explores the impact of structural reforms on a comprehensive set of macro-level labor-market outcomes, including the unemployment rate, the average wage index, and overall and female employment levels and labor force participation rates. Together these outcome variables capture the overall health of the labor market and the aggregate welfare of workers. Yet, there seems to be no other comprehensive empirical investigation in the existing literature of the impact of structural reforms at the cross-country macro level on labor-market outcomes other than the unemployment rate. Data were collected from a variety of sources, including the World Bank World Development Indicators, the International Monetary Fund International Financial Statistics, and the International Labor Organization Key Indicators of the Labor Market. The resulting dataset covers up to 88 countries, the majority being developing, for 10 years on either side of structural reforms that took place between 1960 and 2001. After documenting the average trends across countries in the labor-market outcomes up to 10 years on either side of each country s structural reform year, the authors run fixed-effects ordinary least squares as well as instrumental variables regressions to account for the likely endogeneity of structural reforms to labor-market outcomes. Overall the results suggest that structural reforms lead to positive outcomes for labor. Unlike related literature, the paper does not find conclusive evidence on unemployment. Redistributive effects in favor of workers, along the lines of the Stolper-Samuelson effect, may be at work. en
dc.language English
dc.language.iso en_US
dc.publisher World Bank Group, Washington, DC
dc.relation.ispartofseries Policy Research Working Paper;No. 7122
dc.rights CC BY 3.0 IGO
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject ECONOMIC REFORM
dc.subject REJECTION
dc.subject DEREGULATION
dc.subject COUNTRY FIXED EFFECT
dc.subject MONOPOLISTIC COMPETITION
dc.subject ECONOMIC POLICY
dc.subject LABOR MARKETS
dc.subject LABOR DEMAND
dc.subject WAGE RATE
dc.subject AVERAGE WAGE
dc.subject WORLD INTEREST RATE
dc.subject INCREASING RETURNS
dc.subject COMPETITIVE MARKET
dc.subject DISCOURAGED WORKERS
dc.subject WORLD INTEREST RATES
dc.subject MACROECONOMIC STABILIZATION
dc.subject DEPENDENT VARIABLE
dc.subject DEBT
dc.subject TRADE POLICY
dc.subject FREER TRADE
dc.subject LABOUR MARKET POLICIES
dc.subject ADVERSE CONSEQUENCES
dc.subject MACROECONOMIC POLICIES
dc.subject SPEED OF ADJUSTMENT
dc.subject TRANSPORT
dc.subject FISCAL REFORM
dc.subject ECONOMIC POLICIES
dc.subject TRADE POLICIES
dc.subject ATTRITION
dc.subject UNEMPLOYED
dc.subject FEMALE LABOR
dc.subject MACROECONOMIC SHOCKS
dc.subject UNCERTAINTY
dc.subject HIGH INFLATION
dc.subject GLOBALIZATION
dc.subject REAL GDP
dc.subject LABOUR MARKET
dc.subject ASSETS
dc.subject TECHNICAL ASSISTANCE
dc.subject MARGINAL PRODUCT
dc.subject CAPITAL MARKETS
dc.subject WAGE DATA
dc.subject LABOUR
dc.subject UNSKILLED WORKERS
dc.subject POSITIVE EFFECTS
dc.subject INFLATION RATES
dc.subject CONSTANT RETURNS TO SCALE
dc.subject TRADE OPENNESS
dc.subject JOB DESTRUCTION
dc.subject MACROECONOMIC CONDITIONS
dc.subject DEMOCRACY
dc.subject TOTAL EMPLOYMENT
dc.subject UNEMPLOYMENT RATE
dc.subject REALLOCATION EFFECT
dc.subject GLOBAL INTEGRATION
dc.subject ENDOGENOUS VARIABLE
dc.subject LABOR ECONOMICS
dc.subject GENERAL EQUILIBRIUM
dc.subject MONOPOLY
dc.subject HIGH UNEMPLOYMENT
dc.subject MACROECONOMIC PERFORMANCE
dc.subject PRODUCT MARKET
dc.subject PRODUCTIVE FIRMS
dc.subject LOW UNEMPLOYMENT
dc.subject FEMALE EMPLOYMENT
dc.subject REDISTRIBUTIVE EFFECTS
dc.subject DEPENDENT VARIABLES
dc.subject IMPORT
dc.subject FISCAL DEFICIT
dc.subject INTEREST RATES
dc.subject AGGREGATE DEMAND
dc.subject INDUSTRY WAGE
dc.subject WORLD DEVELOPMENT INDICATORS
dc.subject TRADE LIBERALIZATION
dc.subject ADJUSTMENT COSTS
dc.subject BASE YEAR
dc.subject RELATIVE PRICE
dc.subject LABOR ORGANIZATION
dc.subject FINANCIAL CRISIS
dc.subject FREE TRADE
dc.subject AVERAGE UNEMPLOYMENT
dc.subject EXPORTS
dc.subject UNSKILLED LABOR
dc.subject EMPLOYMENT PATTERNS
dc.subject EXPORT GOOD
dc.subject COMPARATIVE ADVANTAGE
dc.subject INFORMAL SECTOR
dc.subject WORLD PRICE
dc.subject COUNTRY FIXED EFFECTS
dc.subject FREE TRADE AGREEMENT
dc.subject UNEMPLOYMENT LEVELS
dc.subject IMPORTS
dc.subject TOTAL EXTERNAL DEBT
dc.subject VALUE INDEXES
dc.subject INTERNATIONAL FINANCIAL STATISTICS
dc.subject STRUCTURAL REFORM
dc.subject ECONOMETRIC EVIDENCE
dc.subject LABOUR MARKET INSTITUTIONS
dc.subject STRUCTURAL REFORMS
dc.subject DEBT CRISES
dc.subject ERROR TERM
dc.subject JOB DESTRUCTION RATE
dc.subject WORKERS
dc.subject UNEMPLOYMENT
dc.subject LOW UNEMPLOYMENT RATE
dc.subject PREVIOUS STUDIES
dc.subject DUMMY VARIABLES
dc.subject ECONOMIC RESEARCH
dc.subject EXTERNAL DEBT
dc.subject PUBLIC GOOD
dc.subject INDUSTRY WAGES
dc.subject CONSUMER PRICE INDEX
dc.subject BLACK MARKET EXCHANGE RATE
dc.subject POLITICAL ECONOMY
dc.subject ECONOMIC ENVIRONMENT
dc.subject TRADING PARTNERS
dc.subject CROSS-COUNTRY STUDIES
dc.subject EQUILIBRIUM UNEMPLOYMENT
dc.subject TOTAL FACTOR PRODUCTIVITY
dc.subject HIGH UNEMPLOYMENT RATES
dc.subject JOB SEARCH
dc.subject EXOGENOUS VARIABLES
dc.subject SHORT-TERM DEBT
dc.subject NATURAL RATE OF UNEMPLOYMENT
dc.subject PRIVATIZATION
dc.subject BUDGET DEFICITS
dc.subject LABOR FORCE
dc.subject WORKER
dc.subject EMPLOYMENT LEVEL
dc.subject WAGE INEQUALITY
dc.subject DEVELOPMENT POLICY
dc.subject STRUCTURAL UNEMPLOYMENT
dc.subject JOB CREATION
dc.subject TREASURY BILL
dc.subject CROSS-COUNTRY STUDY
dc.subject ECONOMIC GROWTH
dc.subject STOCK MARKET
dc.subject PRICE INCREASES
dc.subject LABOR MARKET
dc.subject OPEN ECONOMIES
dc.subject PUBLIC DEBT
dc.subject FIRM SURVIVAL
dc.subject DEVELOPMENT ECONOMICS
dc.subject PRODUCTIVITY LEVEL
dc.subject FIRM PRODUCTIVITY
dc.subject LABOR FORCE PARTICIPATION
dc.subject LABOR REALLOCATION
dc.subject UNEMPLOYMENT RATES
dc.subject COMPETITIVENESS
dc.subject WAGE STRUCTURE
dc.subject TRADE REFORMS
dc.subject LOCAL LABOR MARKETS
dc.subject TRADE PROTECTION
dc.subject LABOR RELATIONS
dc.subject TOTAL LABOR FORCE
dc.subject MANUFACTURING INDUSTRIES
dc.subject INTERNATIONAL TRADE
dc.subject MOBILITY OF LABOR
dc.subject PRODUCT MARKET COMPETITION
dc.subject LABOR MARKET OUTCOMES
dc.subject WAGE PREMIUMS
dc.subject INCOME
dc.subject WAGE BARGAINING
dc.subject JOBS
dc.subject EMPLOYMENT LEVELS
dc.subject ECONOMIC THEORY
dc.subject INTERNATIONAL ECONOMICS
dc.subject REAL WAGE
dc.subject EMPLOYMENT INCREASE
dc.subject EXPLANATORY VARIABLE
dc.subject TAX REFORMS
dc.subject EXTERNAL TERMS OF TRADE
dc.subject FEDERAL RESERVE
dc.subject REAL WAGES
dc.subject DEBT CRISIS
dc.subject STEADY STATE
dc.subject WORLD ECONOMY
dc.subject VOTERS
dc.subject CONTROL VARIABLES
dc.subject LOW-INCOME COUNTRIES
dc.subject POLITICAL PARTICIPATION
dc.subject INTEREST RATE
dc.subject STOCK MARKET CRASH
dc.subject DUMMY VARIABLE
dc.subject FEMALE LABOR FORCE
dc.subject PERFECT COMPETITION
dc.subject LABOR MARKET RIGIDITIES
dc.subject INCREASING RETURNS TO SCALE
dc.subject INSTRUMENTAL VARIABLES
dc.subject BLACK MARKET
dc.subject BUDGET DEFICIT
dc.subject FOREIGN CURRENCY
dc.subject FULL EMPLOYMENT
dc.subject NET JOB CREATION
dc.subject ECONOMETRIC MODELS
dc.subject LOCAL LABOR MARKET
dc.subject POLITICAL PROCESS
dc.title Structural Reforms and Labor Market Outcomes : International Panel Data Evidence en


Files in this item

Files Size Format View

There are no files associated with this item.

This item appears in the following Collection(s)

Show simple item record

CC BY 3.0 IGO Except where otherwise noted, this item's license is described as CC BY 3.0 IGO

Search LACER-LACEA


Browse

My Account