{"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":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Aiginger, K.<\\\/span><span>, Horvath, T.<\\\/span><span>, &amp; Mahringer, H.<\\\/span> (2011). <span>Why Labour Market Response Differed in the Great Recession: The Impact of Institutions and Policy<\\\/span>. <span><em>WIFO Working Papers<\\\/em><\\\/span>, (396). <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/43774\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/43774<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Aiginger K<\\\/span><span>, Horvath T<\\\/span><span>, Mahringer H<\\\/span>. <span class=\\\"title\\\"><span>Why Labour Market Response Differed in the Great Recession: The Impact of Institutions and Policy<\\\/span><\\\/span>. <span>WIFO Working Papers<\\\/span>. 2011 Jun;(396).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{9672e49ae32240b89d6da3751c435f4c,<\\\/div><div>  title    = \\\"Why Labour Market Response Differed in the Great Recession: The Impact of Institutions and Policy\\\",<\\\/div><div>  abstract = \\\"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.\\\",<\\\/div><div>  author   = \\\"Karl Aiginger and Thomas Horvath and Helmut Mahringer\\\",<\\\/div><div>  year     = \\\"2011\\\",<\\\/div><div>  month    = jun,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Working Papers\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Why Labour Market Response Differed in the Great Recession: The Impact of Institutions and Policy<\\\/p><p>AU  - Aiginger, Karl<\\\/p><p>AU  - Horvath, Thomas<\\\/p><p>AU  - Mahringer, Helmut<\\\/p><p>PY  - 2011\\\/6<\\\/p><p>Y1  - 2011\\\/6<\\\/p><p>N2  - 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. 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