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A narrative database of labour market reforms in euro area economies

Author

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  • Aumond, Romain
  • Di Tommaso, Valerio
  • Rünstler, Gerhard

Abstract

We present a quarterly narrative database of important labour market reforms in selected euro area economies in between 1995 and 2018 covering 60 events. We provide legal adoption and implementation dates of major reforms to employment protection legislation and unemployment benefits. Estimates based on local projections find negative short-run effects of liberalising reforms on wages, while the employment effects of reforms differ markedly across age groups and partly depend on the state of the economy. JEL Classification: J08, O43

Suggested Citation

  • Aumond, Romain & Di Tommaso, Valerio & Rünstler, Gerhard, 2022. "A narrative database of labour market reforms in euro area economies," Working Paper Series 2657, European Central Bank.
    • Handle: RePEc:ecb:ecbwps:20222657
    Note: 339116
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    File URL: https://www.ecb.europa.eu//pub/pdf/scpwps/ecb.wp2657~fed869894e.en.pdf
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    References listed on IDEAS

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    Cited by:

    1. Hülsewig, Oliver & Rottmann, Horst, 2023. "Unemployment in the euro area and unconventional monetary policy surprises," Economics Letters, Elsevier, vol. 226(C).
    2. Traverso, Silvio & Vatiero, Massimiliano & Zaninotto, Enrico, 2024. "Automation and flexible labor contracts: Firm-level evidence from Italy," GLO Discussion Paper Series 1425, Global Labor Organization (GLO).

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    More about this item

    Keywords

    Employment Protection; Quarterly Indicators; Unemployment Benefits;
    All these keywords.

    JEL classification:

    • J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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