Market Rigidities and Labour Market Flexibility: An International Comparison
利用七个OECD国家的面板数据，分析了产品和劳动力市场刚性对劳动力市场动态的影响，发现就业保护减缓了劳动力流动，中央集权工资谈判降低了工作更替率，而产业补贴通过增加就业创造促进了工作重新配置。
The effects of product and labour market rigidities on labour market dynamics are analysed using a panel of two‐digit ISIC level data for seven OECD countries. As expected, employment protection was found to slacken labour market flows. Centralized wage bargaining also reduced the degree of job turnover, although a priori the effect of centralized wage bargaining on labour market flexibility is not clear. Industry subsidies have a positive impact on job reallocation by increasing job creation. The labour market dynamics are also compared in detail for two economies regarded as extremes in terms of regulations, the U.S. and Norway.