{"id":116094,"date":"2024-01-22T19:52:39","date_gmt":"2024-01-22T18:52:39","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/116094\/"},"modified":"2024-11-14T13:13:58","modified_gmt":"2024-11-14T12:13:58","slug":"why-labour-market-response-differed-in-the-great-recession-the-impact-of-institutions-and-policy","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/116094\/","title":{"rendered":"Why Labour Market Response Differed in the Great Recession: The Impact of Institutions and Policy"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-116094","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"This paper investigates the performance of labour markets during the recent crisis for 28 industrialised countries, specifically the reaction of employment and unemployment indicators relative to output changes. We construct a composite indicator for output as well as labour market performance. The determinants of cross-country differences we chose are regulation, flexicurity elements and contracts. We find a robust positive impact of labour market regulation, while the impacts of flexicurity strategies and contracts are difficult to pin down econometrically. Finally we venture a tentative look at the ongoing recovery.","onlinedate":"2011-06-01 02:00:00","lang":"English","publication_series":"","publication_date":"20110601","publication_date_year":"","publication_date_full":false,"publication_num_pages":"25","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":414946,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"396","journal":"WIFO Working Papers","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44410],"research_groups":[3491,3510,3500],"collaboration":"","persons":[4383,3614,3684],"persons_data":"[{\"personId\":4383,\"personName\":\"Karl Aiginger\",\"organisationNames\":[]},{\"personId\":3614,\"personName\":\"Thomas Horvath\",\"organisationNames\":[]},{\"personId\":3684,\"personName\":\"Helmut Mahringer\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.5 (Yoast SEO v26.5) - 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