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  • P-ISSN 2586-2995
  • E-ISSN 2586-4130
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KDI Journal of Economic Policy. Vol. 39, No. 4, November 2017, pp. 69-94

https://doi.org/10.23895/kdijep.2017.39.4.69

× KDI Open Access is a program of fully open access journals to facilitate the widest possible dissemination of high-quality research. All research articles published in KDI JEP are immediately, permanently and freely available online for everyone to read, download and share in terms of the Creative Commons Attribution 4.0 International License.

The Effects of Institutions on the Labour Market Outcomes: Cross-country Analysis

Yong-seong Kim; Taebong Kim

Author & Article History

Manuscript received 25 October 2017; revision received 30 October 2017; accepted 13 November 2017.

Abstract

This paper re-examines the impacts an institutional arrangement may have on labour market outcomes such as the employment and unemployment rates. Based on the results from a generalized econometric model, the generosity of unemployment insurance benefits, organized labour and active labour market policy have effects on a labour market in line with previous findings. However, taxes on labour and the degree of employment protection are found to affect neither the employment rate nor the unemployment rate. Thus, some findings in this paper validate earlier findings, whereas others do not.

Keywords

Employment Rate, Unemployment Rate, Labor Market Institutions, Cross-country Analysis

JEL Code

C01, J08, J21, P51

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