The potential effects of labour market duality for countries in a monetary union
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Organización Internacional del Trabajo (OIT)
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| Format: | Artículo científico |
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International Labour Organization
2016
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| _version_ | 1874525285931548677 |
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| author | Anna Kosior Michal Rubaszek Kamil Wierus |
| author_facet | Anna Kosior Michal Rubaszek Kamil Wierus Anna Kosior Michal Rubaszek Kamil Wierus |
| contents | The potential effects of labour market duality for countries in a monetary union Anna Kosior Michal Rubaszek Kamil Wierus This article investigates whether the varying prevalence of temporary employment contracts across Economic and Monetary Union (EMU) countries can explain their different unemployment dynamics. Using a database of labour market institutions, dynamic panel regressions are carried out for 11 eurozone countries for 1995–2013. Labour market duality – i.e. the co-existence of permanent and temporary contracts – is found to have a robust and significant effect on unemployment dynamics: a high duality rate increases the response of unemployment to output shocks while decreasing its persistence. The authors suggest that introducing a “single contract” could improve stability at both eurozone and country level. 10.1111/j.1564-913X.2015.00050.x DOI https://doi.org/10.1111/j.1564-913X.2015.00050.x publication.journalArticle |
| format | Artículo científico |
| id | ilo_995219261002676 |
| institution | Organización Internacional del Trabajo (OIT) |
| publishDate | 2016 |
| publisher | International Labour Organization |
| spellingShingle | The potential effects of labour market duality for countries in a monetary union Anna Kosior Michal Rubaszek Kamil Wierus The potential effects of labour market duality for countries in a monetary union Anna Kosior Michal Rubaszek Kamil Wierus This article investigates whether the varying prevalence of temporary employment contracts across Economic and Monetary Union (EMU) countries can explain their different unemployment dynamics. Using a database of labour market institutions, dynamic panel regressions are carried out for 11 eurozone countries for 1995–2013. Labour market duality – i.e. the co-existence of permanent and temporary contracts – is found to have a robust and significant effect on unemployment dynamics: a high duality rate increases the response of unemployment to output shocks while decreasing its persistence. The authors suggest that introducing a “single contract” could improve stability at both eurozone and country level. 10.1111/j.1564-913X.2015.00050.x DOI https://doi.org/10.1111/j.1564-913X.2015.00050.x publication.journalArticle |
| title | The potential effects of labour market duality for countries in a monetary union |
| url | https://researchrepository.ilo.org/esploro/outputs/journalArticle/The-potential-effects-of-labour-market/995219261002676 |