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Labor Market Institutions and Labor Productivity Growth

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  • Fatih Macit

    (Suleyman Sah University, Department of Economics, Istanbul, Turkey)

Abstract

In this paper we investigate how the labor productivity growth is affected from various institutions of the labor market using the empirical evidence from a panel data of OECD countries. We find that benefit replacement rate, benefit duration index, and the tax wedge appear to be significant labor market institutions affecting the labor productivity growth. A higher benefit replacement rate, a longer duration of unemployment benefits, and a higher tax wedge are expected to generate a lower labor productivity growth.

Suggested Citation

  • Fatih Macit, 2012. "Labor Market Institutions and Labor Productivity Growth," Economic Research Guardian, Mutascu Publishing, vol. 2(1), pages 121-128, May.
    • Handle: RePEc:wei:journl:v:2:y:2012:i:1:p:121-128
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    References listed on IDEAS

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    More about this item

    Keywords

    Labor Market Institutions; Labor Productivity Growth;

    JEL classification:

    • J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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