Are Labor Market Institutions Really at the Root of Unemployment ...

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50 Figure 8: Nickell's Net "Good" and "Bad" Labor Market Policy Changes, Early 1980s to Late 1990s 6 5 5 4 4 3 3 2 2 2 2 1 0 -1 -2 -3 1 1 1 1 NL UK IRE AUS DNK POR BEL GER SPA USA 0 FIN 0 ITA 0 NZ 0 NOR CAN JPN SWE AUS FRA SWZ -1 -1 -1 -2 -3 -3 -4 source: author’s calculation from Nickell 2003, table 13.
51 Figure 9: Gross Replacement Rates and Standardized Unemployment Rates for 16 OECD Countries, 1961-2004 Panel A: Four “Success Stories” Denmark Netherlands 20.00 70 20.00 70 18.00 GRR 60 18.00 60 16.00 16.00 GRR Standardized Unemployment Rate (%) 14.00 12.00 10.00 8.00 6.00 UR 50 40 30 20 Benefit Entitlments Standardized Unemployment Rate (%) 14.00 12.00 10.00 8.00 6.00 50 40 30 20 Benefit Entitlments 4.00 4.00 UR 10 10 2.00 2.00 0.00 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 Year 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 0 0.00 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 Year 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 0 20.00 Ireland 70 20.00 United Kingdom 70 18.00 60 18.00 60 16.00 16.00 Standardized Unemployment Rate (%) 14.00 12.00 10.00 8.00 6.00 4.00 GRR UR 50 40 30 20 Benefit Entitlments Standardized Unemployment Rate (%) 14.00 12.00 10.00 8.00 6.00 4.00 GRR UR 50 40 30 20 Benefit Entitlments 2.00 10 2.00 10 0.00 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 Year 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 0 0.00 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 Year 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 0
Page 1 and 2: INCOMPLETE DRAFT!! PLEASE DO NOT QU
Page 3 and 4: 3 measures of shocks, macroeconomic
Page 5 and 6: 5 standard deviation fell from 3.9
Page 7 and 8: 7 employment responsiveness or bene
Page 9 and 10: 9 countries, none of the individual
Page 11 and 12: 11 out that the institutional desig
Page 13 and 14: 13 • “The broad empirical concl
Page 15 and 16: 15 results: “The OECD work since
Page 17 and 18: 17 (a 10% increase in union density
Page 19 and 20: 19 on the effects of wage-setting i
Page 21 and 22: 21 Nickell et al.’s study (2005)
Page 23 and 24: 23 was the employment protection va
Page 25 and 26: 25 workers to compensation that red
Page 27 and 28: 27 large for a variety of reasons.
Page 29 and 30: 29 Netherlands shows a modest hike
Page 31 and 32: 31 receipt and the enforcement of t
Page 33 and 34: 33 unemployment that predicts benef
Page 35 and 36: 35 benefit generosity on the unempl
Page 37 and 38: 37 stability, type of appointment,
Page 39 and 40: 39 change in unemployment across OE
Page 41 and 42: 41 We do not take issue here with t
Page 43 and 44: 43 References (incomplete) Atkinson
Page 45 and 46: Schmitt, John and Jonathan Wadswort
Page 47 and 48: 47 Figure 2: Net Unemployment Benef
Page 49: 49 Figure 6: Change in Gross Replac
Page 53 and 54: 53 Figure 10: Unemployment Rates an
Page 55 and 56: 55 Table 2: Measures of Employment
Page 57 and 58: 57 Table 4: Implied Effects of Labo
Page 59 and 60: 59 Table 6: Youth Unemployment and
Page 61 and 62: 61 1 Atkinson and Mickelwright (199
Page 63: 63 precisely on the way in which na

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