Publication:
Structural Reforms and Labor Market Outcomes : International Panel Data Evidence

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dc.contributor.authorMitra, Devashish
dc.contributor.authorHollweg, Claire H.
dc.contributor.authorLederman, Daniel
dc.date.accessioned2014-12-03T21:29:54Z
dc.date.available2014-12-03T21:29:54Z
dc.date.issued2014-11
dc.description.abstractThis paper explores the impact of structural reforms on a comprehensive set of macro-level labor-market outcomes, including the unemployment rate, the average wage index, and overall and female employment levels and labor force participation rates. Together these outcome variables capture the overall health of the labor market and the aggregate welfare of workers. Yet, there seems to be no other comprehensive empirical investigation in the existing literature of the impact of structural reforms at the cross-country macro level on labor-market outcomes other than the unemployment rate. Data were collected from a variety of sources, including the World Bank World Development Indicators, the International Monetary Fund International Financial Statistics, and the International Labor Organization Key Indicators of the Labor Market. The resulting dataset covers up to 88 countries, the majority being developing, for 10 years on either side of structural reforms that took place between 1960 and 2001. After documenting the average trends across countries in the labor-market outcomes up to 10 years on either side of each country s structural reform year, the authors run fixed-effects ordinary least squares as well as instrumental variables regressions to account for the likely endogeneity of structural reforms to labor-market outcomes. Overall the results suggest that structural reforms lead to positive outcomes for labor. Unlike related literature, the paper does not find conclusive evidence on unemployment. Redistributive effects in favor of workers, along the lines of the Stolper-Samuelson effect, may be at work.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/11/20426606/structural-reforms-labor-market-outcomes-international-panel-data-evidence
dc.identifier.doi10.1596/1813-9450-7122
dc.identifier.urihttps://hdl.handle.net/10986/20642
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank Group, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7122
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectADJUSTMENT COSTS
dc.subjectADVERSE CONSEQUENCES
dc.subjectAGGREGATE DEMAND
dc.subjectASSETS
dc.subjectATTRITION
dc.subjectAVERAGE UNEMPLOYMENT
dc.subjectAVERAGE WAGE
dc.subjectBASE YEAR
dc.subjectBLACK MARKET
dc.subjectBLACK MARKET EXCHANGE RATE
dc.subjectBUDGET DEFICIT
dc.subjectBUDGET DEFICITS
dc.subjectCAPITAL MARKETS
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCOMPETITIVE MARKET
dc.subjectCOMPETITIVENESS
dc.subjectCONSTANT RETURNS TO SCALE
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONTROL VARIABLES
dc.subjectCOUNTRY FIXED EFFECT
dc.subjectCOUNTRY FIXED EFFECTS
dc.subjectCROSS-COUNTRY STUDIES
dc.subjectCROSS-COUNTRY STUDY
dc.subjectDEBT
dc.subjectDEBT CRISES
dc.subjectDEBT CRISIS
dc.subjectDEMOCRACY
dc.subjectDEPENDENT VARIABLE
dc.subjectDEPENDENT VARIABLES
dc.subjectDEREGULATION
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDEVELOPMENT POLICY
dc.subjectDISCOURAGED WORKERS
dc.subjectDUMMY VARIABLE
dc.subjectDUMMY VARIABLES
dc.subjectECONOMETRIC EVIDENCE
dc.subjectECONOMETRIC MODELS
dc.subjectECONOMIC ENVIRONMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC POLICIES
dc.subjectECONOMIC POLICY
dc.subjectECONOMIC REFORM
dc.subjectECONOMIC RESEARCH
dc.subjectECONOMIC THEORY
dc.subjectEMPLOYMENT INCREASE
dc.subjectEMPLOYMENT LEVEL
dc.subjectEMPLOYMENT LEVELS
dc.subjectEMPLOYMENT PATTERNS
dc.subjectENDOGENOUS VARIABLE
dc.subjectEQUILIBRIUM UNEMPLOYMENT
dc.subjectERROR TERM
dc.subjectEXOGENOUS VARIABLES
dc.subjectEXPLANATORY VARIABLE
dc.subjectEXPORT GOOD
dc.subjectEXPORTS
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNAL TERMS OF TRADE
dc.subjectFEDERAL RESERVE
dc.subjectFEMALE EMPLOYMENT
dc.subjectFEMALE LABOR
dc.subjectFEMALE LABOR FORCE
dc.subjectFINANCIAL CRISIS
dc.subjectFIRM PRODUCTIVITY
dc.subjectFIRM SURVIVAL
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL REFORM
dc.subjectFOREIGN CURRENCY
dc.subjectFREE TRADE
dc.subjectFREE TRADE AGREEMENT
dc.subjectFREER TRADE
dc.subjectFULL EMPLOYMENT
dc.subjectGENERAL EQUILIBRIUM
dc.subjectGLOBAL INTEGRATION
dc.subjectGLOBALIZATION
dc.subjectHIGH INFLATION
dc.subjectHIGH UNEMPLOYMENT
dc.subjectHIGH UNEMPLOYMENT RATES
dc.subjectIMPORT
dc.subjectIMPORTS
dc.subjectINCOME
dc.subjectINCREASING RETURNS
dc.subjectINCREASING RETURNS TO SCALE
dc.subjectINDUSTRY WAGE
dc.subjectINDUSTRY WAGES
dc.subjectINFLATION RATES
dc.subjectINFORMAL SECTOR
dc.subjectINSTRUMENTAL VARIABLES
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL ECONOMICS
dc.subjectINTERNATIONAL FINANCIAL STATISTICS
dc.subjectINTERNATIONAL TRADE
dc.subjectJOB CREATION
dc.subjectJOB DESTRUCTION
dc.subjectJOB DESTRUCTION RATE
dc.subjectJOB SEARCH
dc.subjectJOBS
dc.subjectLABOR DEMAND
dc.subjectLABOR ECONOMICS
dc.subjectLABOR FORCE
dc.subjectLABOR FORCE PARTICIPATION
dc.subjectLABOR MARKET
dc.subjectLABOR MARKET OUTCOMES
dc.subjectLABOR MARKET RIGIDITIES
dc.subjectLABOR MARKETS
dc.subjectLABOR ORGANIZATION
dc.subjectLABOR REALLOCATION
dc.subjectLABOR RELATIONS
dc.subjectLABOUR
dc.subjectLABOUR MARKET
dc.subjectLABOUR MARKET INSTITUTIONS
dc.subjectLABOUR MARKET POLICIES
dc.subjectLOCAL LABOR MARKET
dc.subjectLOCAL LABOR MARKETS
dc.subjectLOW UNEMPLOYMENT
dc.subjectLOW UNEMPLOYMENT RATE
dc.subjectLOW-INCOME COUNTRIES
dc.subjectMACROECONOMIC CONDITIONS
dc.subjectMACROECONOMIC PERFORMANCE
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC SHOCKS
dc.subjectMACROECONOMIC STABILIZATION
dc.subjectMANUFACTURING INDUSTRIES
dc.subjectMARGINAL PRODUCT
dc.subjectMOBILITY OF LABOR
dc.subjectMONOPOLISTIC COMPETITION
dc.subjectMONOPOLY
dc.subjectNATURAL RATE OF UNEMPLOYMENT
dc.subjectNET JOB CREATION
dc.subjectOPEN ECONOMIES
dc.subjectPERFECT COMPETITION
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLITICAL PARTICIPATION
dc.subjectPOLITICAL PROCESS
dc.subjectPOSITIVE EFFECTS
dc.subjectPREVIOUS STUDIES
dc.subjectPRICE INCREASES
dc.subjectPRIVATIZATION
dc.subjectPRODUCT MARKET
dc.subjectPRODUCT MARKET COMPETITION
dc.subjectPRODUCTIVE FIRMS
dc.subjectPRODUCTIVITY LEVEL
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC GOOD
dc.subjectREAL GDP
dc.subjectREAL WAGE
dc.subjectREAL WAGES
dc.subjectREALLOCATION EFFECT
dc.subjectREDISTRIBUTIVE EFFECTS
dc.subjectREJECTION
dc.subjectRELATIVE PRICE
dc.subjectSHORT-TERM DEBT
dc.subjectSPEED OF ADJUSTMENT
dc.subjectSTEADY STATE
dc.subjectSTOCK MARKET
dc.subjectSTOCK MARKET CRASH
dc.subjectSTRUCTURAL REFORM
dc.subjectSTRUCTURAL REFORMS
dc.subjectSTRUCTURAL UNEMPLOYMENT
dc.subjectTAX REFORMS
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTOTAL EMPLOYMENT
dc.subjectTOTAL EXTERNAL DEBT
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTOTAL LABOR FORCE
dc.subjectTRADE LIBERALIZATION
dc.subjectTRADE OPENNESS
dc.subjectTRADE POLICIES
dc.subjectTRADE POLICY
dc.subjectTRADE PROTECTION
dc.subjectTRADE REFORMS
dc.subjectTRADING PARTNERS
dc.subjectTRANSPORT
dc.subjectTREASURY BILL
dc.subjectUNCERTAINTY
dc.subjectUNEMPLOYED
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT LEVELS
dc.subjectUNEMPLOYMENT RATE
dc.subjectUNEMPLOYMENT RATES
dc.subjectUNSKILLED LABOR
dc.subjectUNSKILLED WORKERS
dc.subjectVALUE INDEXES
dc.subjectVOTERS
dc.subjectWAGE BARGAINING
dc.subjectWAGE DATA
dc.subjectWAGE INEQUALITY
dc.subjectWAGE PREMIUMS
dc.subjectWAGE RATE
dc.subjectWAGE STRUCTURE
dc.subjectWORKER
dc.subjectWORKERS
dc.subjectWORLD DEVELOPMENT INDICATORS
dc.subjectWORLD ECONOMY
dc.subjectWORLD INTEREST RATE
dc.subjectWORLD INTEREST RATES
dc.subjectWORLD PRICE
dc.titleStructural Reforms and Labor Market Outcomes : International Panel Data Evidenceen
dspace.entity.typePublication
okr.crossref.titleStructural Reforms and Labor Market Outcomes: International Panel Data Evidence
okr.date.disclosure2014-11-01
okr.date.doiregistration2025-04-10T10:32:25.815344Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2014/11/20426606/structural-reforms-labor-market-outcomes-international-panel-data-evidence
okr.globalpracticeSocial Protection and Labor
okr.guid956721468332058669
okr.identifier.doi10.1596/1813-9450-7122
okr.identifier.externaldocumentum000158349_20141125084147
okr.identifier.internaldocumentum20426606
okr.identifier.reportWPS7122
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/11/25/000158349_20141125084147/Rendered/PDF/WPS7122.pdfen
okr.region.administrativeLatin America and Caribbean
okr.region.geographicalLatin America
okr.topicBanks and Banking Reform
okr.topicFinance and Financial Sector Development::Currencies and Exchange Rates
okr.topicEconomic Theory and Research
okr.topicSocial Protections and Labor::Labor Policies
okr.topicSocial Protections and Labor::Labor Markets
okr.topicMacroeconomics and Economic Growth
okr.unitTrade and Competitiveness Global Practice Group; and the Office of the Chief Economist, Latin America and the Caribbean Region
relation.isAuthorOfPublicationabab1a02-0f04-5593-b3fb-ec0093c9c5a6
relation.isAuthorOfPublication2c812f70-403a-5905-88e4-bd90a5f31e96
relation.isAuthorOfPublication.latestForDiscoveryabab1a02-0f04-5593-b3fb-ec0093c9c5a6
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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