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Banking crises, labour reforms, and unemployment: a comment

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  • Aleksynska, Mariya

Abstract

This paper examines the quality of data used by Bernal-Verdugo, Furceri and Guillaume (2013) to assess what constitutes labour market reforms, and what the implications of such reforms are for unemployment. The paper reports some serious flaws in the data, which render empirical results and policy advice based on them highly questionable.

Suggested Citation

  • Aleksynska, Mariya, 2015. "Banking crises, labour reforms, and unemployment: a comment," Journal of Comparative Economics, Elsevier, vol. 43(4), pages 1135-1141.
    • Handle: RePEc:eee:jcecon:v:43:y:2015:i:4:p:1135-1141
    DOI: 10.1016/j.jce.2015.04.003
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    References listed on IDEAS

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    1. Betcherman, Gordon, 2012. "Labor market institutions : a review of the literature," Policy Research Working Paper Series 6276, The World Bank.
    2. Andrea Bassanini & Romain Duval, 2007. "The determinants of unemployment across OECD countries: Reassessing the role of policies and institutions," OECD Economic Studies, OECD Publishing, vol. 2006(1), pages 7-86.
    3. Olivier Blanchard & Florence Jaumotte & Prakash Loungani, 2014. "Labor market policies and IMF advice in advanced economies during the Great Recession," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 3(1), pages 1-23, December.
    4. Olivier Blanchard & Florence Jaumotte & Prakash Loungani, 2014. "Labor market policies and IMF advice in advanced economies during the Great Recession," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 3(1), pages 1-23, December.
    5. Boeri, Tito, 2011. "Institutional Reforms and Dualism in European Labor Markets," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 4, chapter 13, pages 1173-1236, Elsevier.
    6. Andrea Bassanini & Romain Duval, 2006. "The Determinants of Unemployment across OECD Countries," Post-Print halshs-00120584, HAL.
    7. Simon Deakin, 2014. "Labour Law and Inclusive Development," Working Papers wp458, Centre for Business Research, University of Cambridge.
    8. Bernal-Verdugo, Lorenzo E. & Furceri, Davide & Guillaume, Dominique, 2013. "Banking crises, labor reforms, and unemployment," Journal of Comparative Economics, Elsevier, vol. 41(4), pages 1202-1219.
    9. Andrea Bassanini & Romain Duval, 2006. "Employment Patterns in OECD Countries: Reassessing the Role of Policies and Institutions," OECD Social, Employment and Migration Working Papers 35, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Mariya Aleksynska & Sandrine Cazes, 2016. "Composite indicators of labour market regulations in a comparative perspective," IZA Journal of Labor Economics, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 5(1), pages 1-33, December.
    2. Aleksynska, Mariya, 2015. "A comment to the reply to “banking crises, labor reforms, and Unemployment: A Comment”," Journal of Comparative Economics, Elsevier, vol. 43(4), pages 1148-1149.

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    More about this item

    Keywords

    Labour market institutions; Labour market reforms; Flexibility; Employment protection legislation; Deregulation;
    All these keywords.

    JEL classification:

    • J6 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers
    • J8 - Labor and Demographic Economics - - Labor Standards
    • Y1 - Miscellaneous Categories - - Data: Tables and Charts

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